Diversified LLC Buys New Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Diversified LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,302 shares of the semiconductor manufacturer’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Canton Hathaway LLC raised its stake in shares of Advanced Micro Devices by 8.8% during the 3rd quarter. Canton Hathaway LLC now owns 13,714 shares of the semiconductor manufacturer’s stock valued at $2,250,000 after buying an additional 1,110 shares during the last quarter. Truvestments Capital LLC raised its position in Advanced Micro Devices by 7.8% during the third quarter. Truvestments Capital LLC now owns 3,351 shares of the semiconductor manufacturer’s stock valued at $550,000 after acquiring an additional 242 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Advanced Micro Devices by 4.7% in the third quarter. Brown Brothers Harriman & Co. now owns 10,491 shares of the semiconductor manufacturer’s stock valued at $1,721,000 after acquiring an additional 469 shares during the period. Bedell Frazier Investment Counselling LLC grew its stake in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after purchasing an additional 74 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Advanced Micro Devices by 47.4% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 197,878 shares of the semiconductor manufacturer’s stock worth $32,468,000 after purchasing an additional 63,621 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 2.0 %

Shares of NASDAQ AMD opened at $141.13 on Tuesday. The company has a market capitalization of $229.03 billion, a P/E ratio of 127.14, a P/E/G ratio of 1.91 and a beta of 1.71. 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 company has a 50 day simple moving average of $153.45 and a 200-day simple moving average of $154.51. Advanced Micro Devices, Inc. has a 1 year low of $116.37 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its 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. 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 analysts’ expectations of $6.71 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

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 transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices 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 directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent analyst reports. Bank of America reissued a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Barclays lowered their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. UBS Group dropped their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on 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. One equities 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 given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

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.