Aviance Capital Partners LLC Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Aviance Capital Partners LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 93.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 52,350 shares of the semiconductor manufacturer’s stock after buying an additional 25,235 shares during the period. Advanced Micro Devices makes up approximately 1.1% of Aviance Capital Partners LLC’s holdings, making the stock its 16th largest holding. Aviance Capital Partners LLC’s holdings in Advanced Micro Devices were worth $8,590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Drive Wealth Management LLC grew its position in Advanced Micro Devices by 3.9% in the 3rd quarter. Drive Wealth Management LLC now owns 4,887 shares of the semiconductor manufacturer’s stock valued at $802,000 after acquiring an additional 183 shares during the last quarter. WP Advisors LLC grew its position in Advanced Micro Devices by 1.4% in the 3rd quarter. WP Advisors LLC now owns 6,452 shares of the semiconductor manufacturer’s stock valued at $1,059,000 after acquiring an additional 92 shares during the last quarter. Aljian Capital Management LLC grew its position in Advanced Micro Devices by 119.2% in the 3rd quarter. Aljian Capital Management LLC now owns 7,454 shares of the semiconductor manufacturer’s stock valued at $1,223,000 after acquiring an additional 4,054 shares during the last quarter. Swiss National Bank grew its position in Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after acquiring an additional 12,500 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Advanced Micro Devices by 2.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,497,376 shares of the semiconductor manufacturer’s stock valued at $245,690,000 after acquiring an additional 34,320 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Susquehanna reissued a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Finally, BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Up 3.0 %

AMD stock opened at $138.93 on Tuesday. The company has a market capitalization of $225.46 billion, a P/E ratio of 125.16, a price-to-earnings-growth ratio of 1.87 and a beta of 1.71. Advanced Micro Devices, Inc. has a 12 month low of $116.37 and a 12 month high of $227.30. The firm’s fifty day simple moving average is $154.53 and its 200-day simple moving average is $155.02. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.