Cynosure Group LLC Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cynosure Group LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,131 shares of the semiconductor manufacturer’s stock after acquiring an additional 347 shares during the quarter. Cynosure Group LLC’s holdings in Advanced Micro Devices were worth $514,000 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. Citizens Financial Group Inc. RI boosted its position in shares of Advanced Micro Devices by 49.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 7,126 shares of the semiconductor manufacturer’s stock worth $1,286,000 after purchasing an additional 2,345 shares during the period. LRI Investments LLC purchased a new position in shares of Advanced Micro Devices during the first quarter worth $49,000. Atria Investments Inc grew its stake in shares of Advanced Micro Devices by 16.2% in the first quarter. Atria Investments Inc now owns 51,904 shares of the semiconductor manufacturer’s stock valued at $9,368,000 after buying an additional 7,236 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Advanced Micro Devices by 381.2% in the 1st quarter. Cetera Investment Advisers now owns 868,590 shares of the semiconductor manufacturer’s stock valued at $156,772,000 after buying an additional 688,081 shares during the period. Finally, Cetera Advisors LLC lifted its stake in Advanced Micro Devices by 339.3% during the 1st quarter. Cetera Advisors LLC now owns 157,137 shares of the semiconductor manufacturer’s stock worth $28,362,000 after acquiring an additional 121,366 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’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 value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Down 1.1 %

NASDAQ AMD opened at $136.24 on Thursday. Advanced Micro Devices, Inc. has a one year low of $116.37 and a one year high of $227.30. The firm has a market cap of $221.09 billion, a PE ratio of 122.74, a P/E/G ratio of 1.95 and a beta of 1.71. The firm’s fifty day moving average is $152.94 and its two-hundred day moving average is $154.28. 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 posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting 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 firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the business earned $0.53 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMD. Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Truist Financial reduced their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.79.

About Advanced Micro Devices

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.