WESPAC Advisors SoCal LLC Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

WESPAC Advisors SoCal LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,700 shares of the semiconductor manufacturer’s stock after buying an additional 420 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Advanced Micro Devices were worth $1,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Carolinas Wealth Consulting LLC increased its holdings in shares of Advanced Micro Devices by 127.1% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 268 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in Advanced Micro Devices by 55.6% in the 2nd quarter. Princeton Global Asset Management LLC now owns 280 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Better Money Decisions LLC grew its stake in Advanced Micro Devices by 74.1% in the 2nd quarter. Better Money Decisions LLC now owns 282 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Advanced Micro Devices by 46.5% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 315 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 100 shares during the period. Finally, Sargent Bickham Lagudis LLC grew its stake in Advanced Micro Devices by 191.5% in the 2nd quarter. Sargent Bickham Lagudis LLC now owns 341 shares of the semiconductor manufacturer’s stock valued at $32,000 after acquiring an additional 224 shares during the period. 67.06% of the stock is owned by institutional investors.

In related news, SVP Forrest Eugene Norrod sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $158.15, for a total value of $4,032,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 14th. The shares were sold at an average price of $105.72, for a total value of $13,215,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,816,603 shares of the company’s stock, valued at $297,771,269.16. The disclosure for this sale can be found here. Insiders have sold 430,409 shares of company stock worth $55,660,511 over the last 90 days. Insiders own 1.00% of the company’s stock.

Shares of AMD stock traded up $7.88 during trading hours on Thursday, reaching $157.80. 60,677,062 shares of the stock were exchanged, compared to its average volume of 50,976,973. The business’s fifty day moving average is $122.38 and its two-hundred day moving average is $103.36. Advanced Micro Devices, Inc. has a 12-month low of $72.50 and a 12-month high of $161.88. The firm has a market capitalization of $190.56 billion, a P/E ratio of 48.85, a P/E/G ratio of 1.41 and a beta of 2.02.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Monday, October 25th. The semiconductor manufacturer reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. Advanced Micro Devices had a net margin of 26.72% and a return on equity of 40.18%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 54.0% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.39 EPS for the current year.

Several equities research analysts have issued reports on the stock. Truist Securities lifted their target price on shares of Advanced Micro Devices from $102.00 to $128.00 and gave the stock a “hold” rating in a research note on Wednesday, October 27th. Argus boosted their price target on shares of Advanced Micro Devices from $106.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 29th. Rosenblatt Securities boosted their price target on shares of Advanced Micro Devices from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, October 27th. Northland Securities cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $120.00 price target on the stock. in a research report on Monday, November 1st. Finally, BMO Capital Markets reissued a “hold” rating on shares of Advanced Micro Devices in a research report on Friday, October 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $136.00.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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