Veracity Capital LLC Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Veracity Capital LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,771 shares of the semiconductor manufacturer’s stock after purchasing an additional 97 shares during the period. Veracity Capital LLC’s holdings in Advanced Micro Devices were worth $388,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMD. Hoylecohen LLC raised its position in shares of Advanced Micro Devices by 7.5% in the 1st quarter. Hoylecohen LLC now owns 5,370 shares of the semiconductor manufacturer’s stock worth $422,000 after purchasing an additional 375 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG raised its position in shares of Advanced Micro Devices by 1.6% in the 1st quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 55,445 shares of the semiconductor manufacturer’s stock worth $4,352,000 after purchasing an additional 893 shares during the last quarter. Stonnington Group LLC purchased a new position in shares of Advanced Micro Devices in the 1st quarter worth about $630,000. Childress Capital Advisors LLC raised its position in shares of Advanced Micro Devices by 31.9% in the 1st quarter. Childress Capital Advisors LLC now owns 3,887 shares of the semiconductor manufacturer’s stock worth $305,000 after purchasing an additional 941 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. raised its position in shares of Advanced Micro Devices by 110.5% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 8,076 shares of the semiconductor manufacturer’s stock worth $634,000 after purchasing an additional 4,239 shares during the last quarter. 67.06% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Thursday. Craig Hallum boosted their target price on Advanced Micro Devices from $120.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 27th. Zacks Investment Research lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a research report on Tuesday, September 28th. Truist boosted their target price on Advanced Micro Devices from $102.00 to $128.00 and gave the stock a “hold” rating in a research report on Wednesday, October 27th. Finally, Citigroup reissued a “neutral” rating and issued a $125.00 target price (up previously from $100.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Buy” and an average price target of $136.00.

In other news, CAO Darla M. Smith sold 1,396 shares of the company’s stock in a transaction that occurred on Tuesday, November 9th. The stock was sold at an average price of $154.00, for a total transaction of $214,984.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Forrest Eugene Norrod sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $158.15, for a total value of $4,032,825.00. The disclosure for this sale can be found here. Insiders sold a total of 430,409 shares of company stock valued at $55,660,511 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:AMD opened at $157.80 on Thursday. The stock has a 50 day moving average of $122.38 and a 200 day moving average of $103.36. The company has a market cap of $190.56 billion, a PE ratio of 48.85, a price-to-earnings-growth ratio of 1.41 and a beta of 2.02. Advanced Micro Devices, Inc. has a 12-month low of $72.50 and a 12-month high of $161.88.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Monday, October 25th. The semiconductor manufacturer reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.06. Advanced Micro Devices had a return on equity of 40.18% and a net margin of 26.72%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the company posted $0.35 EPS. The firm’s revenue was up 54.0% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.39 EPS for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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