Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Parcion Private Wealth LLC

Parcion Private Wealth LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,699 shares of the semiconductor manufacturer’s stock after acquiring an additional 247 shares during the quarter. Parcion Private Wealth LLC’s holdings in Advanced Micro Devices were worth $276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. International Assets Investment Management LLC raised its stake in Advanced Micro Devices by 8.5% during the 4th quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock worth $3,737,000 after acquiring an additional 1,990 shares in the last quarter. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the fourth quarter valued at $29,000. Precision Wealth Strategies LLC increased its stake in Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock valued at $598,000 after purchasing an additional 155 shares during the period. Concentrum Wealth Management increased its stake in Advanced Micro Devices by 6.6% in the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock valued at $5,625,000 after purchasing an additional 2,354 shares during the period. Finally, 9258 Wealth Management LLC increased its stake in Advanced Micro Devices by 70.4% in the fourth quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock valued at $1,787,000 after purchasing an additional 5,009 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $5.09 during trading hours on Friday, hitting $134.35. The company’s stock had a trading volume of 39,887,977 shares, compared to its average volume of 61,473,988. The business has a fifty day moving average of $151.31 and a 200-day moving average of $162.90. The stock has a market cap of $217.15 billion, a price-to-earnings ratio of 197.57, a P/E/G ratio of 2.03 and a beta of 1.69. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AMD shares. Cantor Fitzgerald dropped their price objective on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. KeyCorp dropped their price objective on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Morgan Stanley lifted their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. One 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 assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Company 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.