OneDigital Investment Advisors LLC Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

OneDigital Investment Advisors LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 79,024 shares of the semiconductor manufacturer’s stock after buying an additional 9,853 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $12,966,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sargent Investment Group LLC grew its position in Advanced Micro Devices by 83.6% during the 3rd quarter. Sargent Investment Group LLC now owns 5,767 shares of the semiconductor manufacturer’s stock valued at $946,000 after purchasing an additional 2,626 shares during the last quarter. ING Groep NV grew its holdings in shares of Advanced Micro Devices by 5.8% during the third quarter. ING Groep NV now owns 629,437 shares of the semiconductor manufacturer’s stock valued at $103,278,000 after buying an additional 34,312 shares during the last quarter. Omnia Family Wealth LLC increased its position in shares of Advanced Micro Devices by 3.7% during the third quarter. Omnia Family Wealth LLC now owns 6,512 shares of the semiconductor manufacturer’s stock valued at $1,068,000 after acquiring an additional 232 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in Advanced Micro Devices by 2.5% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 109,062 shares of the semiconductor manufacturer’s stock worth $17,895,000 after acquiring an additional 2,654 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in Advanced Micro Devices by 2.3% in the 3rd quarter. Metis Global Partners LLC now owns 94,563 shares of the semiconductor manufacturer’s stock valued at $15,516,000 after acquiring an additional 2,082 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMD. UBS Group reduced their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Susquehanna reissued a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Robert W. Baird lowered their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Trading Down 0.3 %

AMD stock opened at $138.84 on Friday. The company has a market capitalization of $225.31 billion, a price-to-earnings ratio of 125.08, a PEG ratio of 1.99 and a beta of 1.71. The business has a 50 day simple moving average of $154.52 and a two-hundred day simple moving average of $155.31. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

About Advanced Micro Devices

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.