Apollon Wealth Management LLC Acquires 2,348 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Apollon Wealth Management LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 69,414 shares of the semiconductor manufacturer’s stock after buying an additional 2,348 shares during the quarter. Apollon Wealth Management LLC’s holdings in Advanced Micro Devices were worth $11,389,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Creative Capital Management Investments LLC raised its stake in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC boosted its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC boosted its holdings in 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 worth $27,000 after buying an additional 85 shares in the last quarter. Fairway Wealth LLC acquired a new position in Advanced Micro Devices during the second quarter worth $27,000. Finally, Semmax Financial Advisors Inc. raised its position in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.4 %

AMD opened at $147.35 on Tuesday. Advanced Micro Devices, Inc. has a twelve month low of $116.00 and a twelve month high of $227.30. The firm has a market cap of $239.12 billion, a P/E ratio of 132.75, a price-to-earnings-growth ratio of 2.05 and a beta of 1.71. The business has a 50 day moving average price of $154.44 and a 200 day moving average price of $155.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on AMD. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Robert W. Baird lowered their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Insider Activity

In other news, CEO Lisa T. Su sold 80,000 shares of the business’s 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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

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.