Oak Ridge Investments LLC Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

by · The Cerbat Gem

Oak Ridge Investments LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 4.7% during the third quarter, Holdings Channel.com reports. The firm owned 47,489 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,127 shares during the period. Oak Ridge Investments LLC’s holdings in Advanced Micro Devices were worth $4,883,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Farmers & Merchants Trust Co of Chambersburg PA raised its position in Advanced Micro Devices by 336.0% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 218 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 168 shares during the period. Activest Wealth Management acquired a new position in Advanced Micro Devices during the 3rd quarter worth about $26,000. Castleview Partners LLC lifted its stake in Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $31,000. Finally, Dividend Assets Capital LLC purchased a new stake in Advanced Micro Devices during the second quarter worth about $35,000. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $148.02 on Friday. The stock’s 50-day moving average is $130.06 and its 200-day moving average is $115.23. The company has a market cap of $236.83 billion, a price-to-earnings ratio of 1,233.60, a price-to-earnings-growth ratio of 3.98 and a beta of 1.70. Advanced Micro Devices, Inc. has a 12 month low of $67.18 and a 12 month high of $151.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.19 and a quick ratio of 1.61.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its earnings results on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Advanced Micro Devices had a net margin of 0.94% and a return on equity of 5.61%. The business had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 1.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent research reports. Barclays cut their target price on shares of Advanced Micro Devices from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Robert W. Baird lowered their target price on Advanced Micro Devices from $170.00 to $125.00 in a research note on Thursday, October 5th. Roth Mkm began coverage on shares of Advanced Micro Devices in a research note on Tuesday, November 14th. They set a “buy” rating and a $125.00 target price on the stock. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Morgan Stanley cut their price target on Advanced Micro Devices from $138.00 to $128.00 and set an “overweight” rating for the company in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $141.06.

Check Out Our Latest Analysis on AMD

Insider Activity

In related news, CAO Darla M. Smith sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $125.69, for a total transaction of $502,760.00. Following the transaction, the chief accounting officer now directly owns 5,604 shares of the company’s stock, valued at approximately $704,366.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Advanced Micro Devices news, CAO Darla M. Smith sold 4,000 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $125.69, for a total value of $502,760.00. Following the transaction, the chief accounting officer now owns 5,604 shares in the company, valued at approximately $704,366.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $117.73, for a total value of $8,829,750.00. Following the sale, the chief executive officer now directly owns 3,347,640 shares in the company, valued at $394,117,657.20. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.

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