Stifel Financial Corp acquires 26,383 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stifel Financial Corp increased its stake in shares of Advanced Micro Devices, Inc., according to its latest disclosure to the Securities and Exchange Commission. (NASDAQ:AMD – Free Report) up 6.0% in the fourth quarter. The company owned 466,500 shares of the semiconductor maker after purchasing an additional 26,383 shares during the quarter. Stifel Financial Corp’s holdings in Advanced Micro Devices were worth $68,767,000, according to its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the industry. In the third quarter, Equitable Trust Co. increased its shares in Advanced Micro Devices by 40.7%. Equitable Trust Co. now owns 5,858 shares of the semiconductor maker’s stock valued at $602,000 after acquiring an additional 1,695 shares in the last quarter. Clearstead Advisors LLC increased its holdings in Advanced Micro Devices by 15.3% during the third quarter. Clearstead Advisors LLC now owns 7,035 shares of the semiconductor maker’s stock valued at $723,000 after acquiring an additional 934 shares in the last quarter. Financial Counselors Inc. increased its stake in Advanced Micro Devices by 24.6% in the third quarter. Financial Counselors Inc. now owns 6,909 shares of the semiconductor maker’s stock valued at $710,000 after acquiring an additional 1,365 shares in the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in Advanced Micro Devices by 4.8% during the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 6,732 shares of the semiconductor maker’s stock valued at $692,000 after acquiring an additional 307 shares in the last quarter. Finally, Insight Advisors LLC PA increased its holdings in Advanced Micro Devices by 0.5% in the 3rd quarter. Insight Advisors LLC PA now owns 17,563 shares of the semiconductor maker’s stock valued at $1,806,000 after acquiring an additional 94 shares in the last quarter. 71.34% of the shares are in the hands of institutional investors.

Trade growth of advanced micro devices by 0.9%

On Thursday, AMD opened at $166.70. Advanced Micro Devices, Inc. it has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $269.44 billion, a P/E ratio of 242.86, a price-to-earnings ratio of 1.97 and a beta of 1.66. The company has a fifty-day moving average price of $163.28 and a two-hundred-day moving average price of $159.11.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) released its earnings results on Tuesday, April 30th. The semiconductor maker reported earnings per share of $0.62 for the quarter, $0.01 above analysts’ consensus estimates of $0.61. The company’s revenue for the quarter was $5.47 billion, compared to analyst expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s quarterly revenues increased by 2.2% year-on-year. During the same period last year, the company earned $0.43 per share. Analysts predict that Advanced Micro Devices, Inc. will report 2.62 EPS for the current financial year.

Analysts set new price targets

AMD has been the subject of numerous reports from research analysts. Piper Sandler maintained an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Truist Financial lowered their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Citigroup lowered their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Roth Mkm lowered their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One investment analyst rated the company’s shares with a sell rating, two with a hold rating, and twenty-eight rated the company’s shares with a buy rating. Advanced Micro Devices currently has a consensus rating of Moderate Buy and a consensus price target of $185.26, according to MarketBeat.

View our latest research report on advanced microdevices

Buying and selling confidential information at Advanced Micro Devices

Therefore, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction amount of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. In related news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.73, for a total transaction amount of $3,025,026.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. Additionally, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction amount of $1,367,501.76. Following the sale, the director now owns 2,197 shares of the company’s stock valued at $457,151.76. The announcement of this sale can be found here. Over the last three months, insiders sold a total of 163,972 shares of company stock worth $31,444,628. Currently, insiders own 0.73% of the shares.

Advanced microdevice profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers microprocessors and x86 graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

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