Empowered Funds LLC Buys 8,172 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Empowered Funds LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 45.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,198 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,172 shares during the quarter. Empowered Funds LLC’s holdings in Advanced Micro Devices were worth $1,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AMD. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $27,000. Mine & Arao Wealth Creation & Management LLC. raised its position in shares of Advanced Micro Devices by 1,915.8% during the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 383 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 364 shares in the last quarter. IAG Wealth Partners LLC raised its position in shares of Advanced Micro Devices by 189.9% during the 3rd quarter. IAG Wealth Partners LLC now owns 458 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Northwest Investment Counselors LLC raised its position in shares of Advanced Micro Devices by 147.1% during the 3rd quarter. Northwest Investment Counselors LLC now owns 504 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 300 shares in the last quarter. Finally, Motco raised its position in Advanced Micro Devices by 649.3% in the 3rd quarter. Motco now owns 502 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 435 shares during the period. 67.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 16,153 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $70.95, for a total transaction of $1,146,055.35. Following the sale, the executive vice president now directly owns 113,875 shares of the company’s stock, valued at approximately $8,079,431.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $74.70 on Wednesday. The company’s 50 day simple moving average is $69.65 and its 200-day simple moving average is $74.75. The company has a market capitalization of $120.44 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 2.00 and a beta of 2.04. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $132.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.65 and a current ratio of 2.16.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last announced its earnings results on Tuesday, November 1st. The semiconductor manufacturer reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). Advanced Micro Devices had a return on equity of 11.17% and a net margin of 9.96%. The business had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.58 billion. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMD shares. TheStreet lowered shares of Advanced Micro Devices from a “b-” rating to a “c” rating in a research report on Tuesday, November 1st. Northland Securities cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $80.00 to $60.00 in a report on Monday, October 31st. Cowen decreased their price target on shares of Advanced Micro Devices from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, October 10th. Robert W. Baird raised shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $65.00 to $100.00 in a report on Monday, November 14th. Finally, Sanford C. Bernstein cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $95.00 to $80.00 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $95.71.

Advanced Micro Devices Company Profile

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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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