Zinnia Wealth Advisory LLC Takes $703,000 Position in Advanced Micro Devices, Inc. $AMD

Zinnia Wealth Advisory LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,283 shares of the semiconductor manufacturer’s stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its position in shares of Advanced Micro Devices by 8.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 226,714 shares of the semiconductor manufacturer’s stock worth $48,553,000 after buying an additional 18,059 shares in the last quarter. Whalerock Point Partners LLC boosted its holdings in shares of Advanced Micro Devices by 11.9% in the fourth quarter. Whalerock Point Partners LLC now owns 4,629 shares of the semiconductor manufacturer’s stock valued at $991,000 after acquiring an additional 493 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Advanced Micro Devices by 474.5% during the fourth quarter. Panagora Asset Management Inc. now owns 281,088 shares of the semiconductor manufacturer’s stock valued at $60,198,000 after acquiring an additional 232,161 shares during the period. Potentia Wealth acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $259,000. Finally, Piedmont Capital Management LLC NC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $512,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMD. Citigroup downgraded Advanced Micro Devices from a “buy” rating to a “market perform” rating in a research report on Friday. Zacks Research downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group upgraded Advanced Micro Devices from a “buy” rating to a “buy” rating in a report on Friday. Wedbush lifted their target price on Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $424.59.

View Our Latest Report on AMD

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 372,032 shares of company stock valued at $158,658,616. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $511.57 on Monday. Advanced Micro Devices, Inc. has a 12-month low of $115.06 and a 12-month high of $546.44. The firm has a market capitalization of $834.17 billion, a PE ratio of 167.73, a price-to-earnings-growth ratio of 1.50 and a beta of 2.50. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $386.41 and its 200-day moving average is $274.60.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.Advanced Micro Devices’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 6.2 earnings per share for the current year.

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Further Reading

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

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