Ashton Thomas Private Wealth LLC Acquires 1,630 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ashton Thomas Private Wealth LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,845 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,630 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Advanced Micro Devices were worth $3,543,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMD. Tradewinds Capital Management LLC lifted its stake in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the last quarter. Semmax Financial Advisors Inc. lifted its stake in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 70 shares in the last quarter. Morton Brown Family Wealth LLC boosted its stake in shares of Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares in the last quarter. Finally, Chelsea Counsel Co. acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction 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 directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. Barclays decreased their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Truist Financial dropped their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Bank of America decreased their price objective on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Edward Jones started coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. One research 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. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Trading Up 2.8 %

AMD opened at $138.15 on Tuesday. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The firm has a market capitalization of $223.59 billion, a PE ratio of 203.16, a P/E/G ratio of 1.83 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The company’s 50-day moving average is $150.92 and its 200 day moving average is $162.56.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the company posted $0.40 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.56 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.