West Tower Group LLC Purchases 4,000 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

West Tower Group LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 400.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,000 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,000 shares during the period. Advanced Micro Devices comprises approximately 1.7% of West Tower Group LLC’s portfolio, making the stock its 14th biggest holding. West Tower Group LLC’s holdings in Advanced Micro Devices were worth $820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cherrydale Wealth Management LLC increased its position in shares of Advanced Micro Devices by 4.7% during the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after buying an additional 58 shares during the period. Christopher J. Hasenberg Inc grew its holdings in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after acquiring an additional 60 shares during the period. Delta Financial Group Inc. raised its position in shares of Advanced Micro Devices by 5.0% in the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after acquiring an additional 63 shares in the last quarter. Trivant Custom Portfolio Group LLC lifted its stake in shares of Advanced Micro Devices by 0.3% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock valued at $3,995,000 after purchasing an additional 65 shares during the period. Finally, Wealth Effects LLC grew its stake in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after purchasing an additional 65 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research reports. Morgan Stanley decreased their price objective on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. UBS Group lowered their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Bank of America reiterated a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Finally, Edward Jones initiated coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.79.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the business’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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was 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 directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 2.0 %

Advanced Micro Devices stock opened at $141.13 on Tuesday. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The company has a market cap of $229.03 billion, a P/E ratio of 127.14, a P/E/G ratio of 1.91 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $153.45 and a two-hundred day simple moving average of $154.51.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.