Dynamic Technology Lab Private Ltd Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Dynamic Technology Lab Private Ltd bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,769 shares of the semiconductor manufacturer’s stock, valued at approximately $454,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. Cherrydale Wealth Management LLC increased its holdings in 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 worth $212,000 after buying an additional 58 shares during the last quarter. Christopher J. Hasenberg Inc increased its holdings in Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after buying an additional 60 shares during the last quarter. Delta Financial Group Inc. increased its holdings in Advanced Micro Devices by 5.0% during the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after buying an additional 63 shares during the last quarter. Trivant Custom Portfolio Group LLC increased its holdings in Advanced Micro Devices by 0.3% during the second quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock worth $3,995,000 after buying an additional 65 shares during the last quarter. Finally, Wealth Effects LLC increased its holdings in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on 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. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction 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 directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Piper Sandler restated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Morgan Stanley decreased their price objective on shares of 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 cut their target price 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. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, Roth Mkm reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Trading Up 0.7 %

Shares of Advanced Micro Devices stock opened at $137.18 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $116.37 and a 1 year high of $227.30. The firm has a market cap of $222.62 billion, a PE ratio of 123.59, a PEG ratio of 1.88 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a 50 day simple moving average of $152.16 and a two-hundred day simple moving average of $154.06.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting 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 firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm posted $0.53 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal 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.