B. Riley Wealth Advisors Inc. Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

B. Riley Wealth Advisors Inc. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,761 shares of the semiconductor manufacturer’s stock after buying an additional 1,279 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Advanced Micro Devices were worth $9,937,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Stanley Laman Group Ltd. raised its holdings in shares of Advanced Micro Devices by 8.7% in the second quarter. Stanley Laman Group Ltd. now owns 1,940 shares of the semiconductor manufacturer’s stock valued at $315,000 after purchasing an additional 156 shares during the last quarter. Everpar Advisors LLC boosted its stake in shares of Advanced Micro Devices by 19.9% in the 2nd quarter. Everpar Advisors LLC now owns 2,557 shares of the semiconductor manufacturer’s stock worth $415,000 after buying an additional 425 shares during the last quarter. waypoint wealth counsel grew its holdings in shares of Advanced Micro Devices by 16.1% in the second quarter. waypoint wealth counsel now owns 1,571 shares of the semiconductor manufacturer’s stock valued at $255,000 after acquiring an additional 218 shares in the last quarter. Montchanin Asset Management LLC increased its position in shares of Advanced Micro Devices by 0.8% during the second quarter. Montchanin Asset Management LLC now owns 9,585 shares of the semiconductor manufacturer’s stock valued at $1,554,000 after acquiring an additional 80 shares during the last quarter. Finally, Williams Financial LLC bought a new stake in Advanced Micro Devices during the second quarter worth $5,328,000. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices 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 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 approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale 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 the firm’s stock in a transaction that occurred 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 owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last quarter. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $126.91 on Friday. Advanced Micro Devices, Inc. has a one year low of $121.82 and a one year high of $227.30. 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 stock has a market cap of $205.95 billion, a PE ratio of 114.33, a P/E/G ratio of 1.88 and a beta of 1.65. The firm has a 50 day simple moving average of $146.72 and a two-hundred day simple moving average of $152.15.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMD shares. UBS Group decreased their target price on 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. Edward Jones initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. Finally, Barclays reduced their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.36.

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.