McGlone Suttner Wealth Management Inc. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

McGlone Suttner Wealth Management Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,288 shares of the semiconductor manufacturer’s stock, valued at approximately $375,000.

Several other institutional investors have also recently made changes to their positions in the business. Sunpointe LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $222,000. Able Wealth Management LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth about $163,000. GLOBALT Investments LLC GA acquired a new position in Advanced Micro Devices during the fourth quarter worth about $1,947,000. Raleigh Capital Management Inc. boosted its position in Advanced Micro Devices by 79.2% during the fourth quarter. Raleigh Capital Management Inc. now owns 552 shares of the semiconductor manufacturer’s stock worth $81,000 after acquiring an additional 244 shares during the last quarter. Finally, Integrated Advisors Network LLC raised its stake in Advanced Micro Devices by 0.3% during the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock worth $2,793,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $3.71 during trading hours on Friday, reaching $167.89. 42,136,175 shares of the stock were exchanged, compared to its average volume of 58,067,195. The stock has a market cap of $271.36 billion, a P/E ratio of 246.90, a P/E/G ratio of 2.33 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The firm’s 50 day moving average is $151.34 and its 200 day moving average is $157.58.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on AMD. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Truist Financial reduced their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Citigroup boosted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $195.00.

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.