RiverPark Advisors LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

RiverPark Advisors LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 55.2% during the third quarter, Holdings Channel.com reports. The fund owned 520 shares of the semiconductor manufacturer’s stock after purchasing an additional 185 shares during the quarter. RiverPark Advisors LLC’s holdings in Advanced Micro Devices were worth $85,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMD. Jupiter Asset Management Ltd. purchased a new stake in Advanced Micro Devices in the first quarter worth approximately $1,215,000. Hillsdale Investment Management Inc. boosted its position in shares of Advanced Micro Devices by 21.9% during the first quarter. Hillsdale Investment Management Inc. now owns 1,669 shares of the semiconductor manufacturer’s stock valued at $301,000 after buying an additional 300 shares during the last quarter. Cynosure Group LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at $400,000. Covestor Ltd boosted its position in shares of Advanced Micro Devices by 24.3% during the first quarter. Covestor Ltd now owns 986 shares of the semiconductor manufacturer’s stock valued at $178,000 after buying an additional 193 shares during the last quarter. Finally, Resurgent Financial Advisors LLC boosted its position in Advanced Micro Devices by 113.2% in the first quarter. Resurgent Financial Advisors LLC now owns 1,288 shares of the semiconductor manufacturer’s stock worth $232,000 after purchasing an additional 684 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMD has been the topic of several research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Edward Jones initiated coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Susquehanna reissued a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, UBS Group decreased their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 2.8 %

AMD opened at $134.90 on Friday. The firm has a market cap of $218.92 billion, a price-to-earnings ratio of 121.53, a PEG ratio of 1.87 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $116.37 and a 12 month high of $227.30. The stock has a fifty day moving average price of $154.51 and a 200-day moving average price of $155.00.

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. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.