Bouvel Investment Partners LLC Has $3.31 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bouvel Investment Partners LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 38.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,197 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,575 shares during the quarter. Bouvel Investment Partners LLC’s holdings in Advanced Micro Devices were worth $3,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. Quantbot Technologies LP purchased a new stake in shares of Advanced Micro Devices in the 1st quarter valued at approximately $331,000. TBH Global Asset Management LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $260,000. Kingsview Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 1.4% in the 1st quarter. Kingsview Wealth Management LLC now owns 19,637 shares of the semiconductor manufacturer’s stock valued at $3,544,000 after purchasing an additional 266 shares in the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Advanced Micro Devices by 4.5% in the 1st quarter. HBK Sorce Advisory LLC now owns 11,211 shares of the semiconductor manufacturer’s stock worth $2,023,000 after acquiring an additional 479 shares during the period. Finally, Blair William & Co. IL boosted its position in Advanced Micro Devices by 7.8% during the first quarter. Blair William & Co. IL now owns 222,081 shares of the semiconductor manufacturer’s stock worth $40,083,000 after purchasing an additional 16,033 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMD has been the topic of several recent analyst reports. UBS Group reduced their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. TD Cowen reduced their price target on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Bank of America reiterated a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Truist Financial decreased their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Finally, Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $139.30 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm has a market cap of $226.06 billion, a price-to-earnings ratio of 125.50, a P/E/G ratio of 1.99 and a beta of 1.71. Advanced Micro Devices, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $227.30. The firm has a fifty day moving average price of $154.55 and a 200 day moving average price of $155.43.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

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.