Conscious Wealth Investments LLC Invests $4.61 Million in Advanced Micro Devices, Inc. $AMD

Conscious Wealth Investments LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 22,671 shares of the semiconductor manufacturer’s stock, valued at approximately $4,612,000. Advanced Micro Devices comprises approximately 2.7% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Joseph Group Capital Management bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $27,000. Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $27,000. Basepoint Wealth LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Finally, Aviso Financial Inc. boosted its holdings in shares of Advanced Micro Devices by 400.0% in the 3rd quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 160 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMD shares. HSBC cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and raised their target price for the company from $335.00 to $340.00 in a research note on Monday, May 4th. Mizuho increased their price target on shares of Advanced Micro Devices from $515.00 to $615.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. UBS Group lifted their price objective on shares of Advanced Micro Devices from $455.00 to $670.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Wedbush boosted their price objective on shares of Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Finally, Melius Research set a $540.00 target price on shares of Advanced Micro Devices in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $445.81.

View Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Up 3.4%

AMD opened at $539.49 on Tuesday. The stock’s fifty day simple moving average is $450.43 and its 200 day simple moving average is $298.88. Advanced Micro Devices, Inc. has a 1-year low of $133.50 and a 1-year high of $562.99. The stock has a market cap of $879.69 billion, a PE ratio of 176.88, a price-to-earnings-growth ratio of 1.54 and a beta of 2.50. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. The trade was a 9.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were 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 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 378,032 shares of company stock worth $161,876,596 in the last quarter. 0.50% of the stock is owned by corporate insiders.

More Advanced Micro Devices News

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

Advanced Micro Devices 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.

Recommended Stories

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report).

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.