Advanced Micro Devices, Inc. $AMD Shares Bought by BNP Paribas

by · The Markets Daily

BNP Paribas boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 29.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,821 shares of the semiconductor manufacturer’s stock after purchasing an additional 31,564 shares during the period. BNP Paribas’ holdings in Advanced Micro Devices were worth $19,561,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AMD. Cornerstone Advisory LLC raised its stake in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock worth $606,000 after buying an additional 57 shares during the last quarter. King Wealth Management Group increased its holdings in Advanced Micro Devices by 2.1% during the 2nd quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock valued at $428,000 after acquiring an additional 62 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in Advanced Micro Devices by 14.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer’s stock valued at $71,000 after acquiring an additional 65 shares in the last quarter. Tritonpoint Wealth LLC raised its position in Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after acquiring an additional 72 shares during the last quarter. Finally, Avion Wealth lifted its holdings in shares of Advanced Micro Devices by 49.3% in the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 0.1%

AMD opened at $221.42 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The firm has a 50 day moving average price of $229.15 and a 200 day moving average price of $178.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. The company has a market cap of $360.48 billion, a PE ratio of 109.61, a price-to-earnings-growth ratio of 1.64 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The firm had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’s revenue was up 35.6% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMD. Piper Sandler reaffirmed an “overweight” rating and issued a $280.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a report on Tuesday, December 2nd. Wells Fargo & Company increased their price objective on Advanced Micro Devices from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, November 12th. Benchmark lifted their price objective on Advanced Micro Devices from $270.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Truist Financial restated a “buy” rating and issued a $279.00 target price (up from $273.00) on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $278.54.

Read Our Latest Report on Advanced Micro Devices

Insider Activity

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. This trade represents a 24.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the sale, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. The trade was a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,476 shares of company stock worth $13,356,593 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Profile

(Free Report)

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.

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