M Holdings Securities Inc. Purchases Shares of 7,257 Advanced Micro Devices, Inc. (AMD)

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M Holdings Securities Inc. purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, HoldingsChannel reports. The firm purchased 7,257 shares of the semiconductor manufacturer’s stock, valued at approximately $224,000.

Several other large investors also recently made changes to their positions in the company. Swedbank acquired a new stake in Advanced Micro Devices in the third quarter valued at $152,865,000. Norinchukin Bank The increased its holdings in Advanced Micro Devices by 18.2% in the third quarter. Norinchukin Bank The now owns 110,344 shares of the semiconductor manufacturer’s stock valued at $3,409,000 after purchasing an additional 16,991 shares during the period. OmniStar Financial Group Inc. acquired a new stake in Advanced Micro Devices in the second quarter valued at $316,000. Barometer Capital Management Inc. acquired a new stake in Advanced Micro Devices in the third quarter valued at $3,265,000. Finally, Renaissance Technologies LLC increased its holdings in Advanced Micro Devices by 541.5% in the second quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock valued at $111,336,000 after purchasing an additional 6,269,500 shares during the period. Institutional investors own 59.00% of the company’s stock.

NASDAQ:AMD opened at $19.50 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 243.75, a PEG ratio of 3.90 and a beta of 3.68. Advanced Micro Devices, Inc. has a 52 week low of $9.04 and a 52 week high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 0.34 earnings per share for the current year.

In other Advanced Micro Devices news, CFO Devinder Kumar sold 75,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $17.56, for a total value of $1,317,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 175,553 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $21.73, for a total transaction of $3,814,766.69. Following the completion of the sale, the chief executive officer now owns 2,482,683 shares of the company’s stock, valued at approximately $53,948,701.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 592,390 shares of company stock valued at $12,877,211. Company insiders own 1.80% of the company’s stock.

A number of analysts recently weighed in on AMD shares. Craig Hallum increased their price objective on Advanced Micro Devices from $21.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. Morgan Stanley reiterated an “underweight” rating and set a $28.00 price target (up from $11.00) on shares of Advanced Micro Devices in a report on Wednesday, September 19th. Cowen reiterated an “outperform” rating and set a $33.00 price target (up from $30.00) on shares of Advanced Micro Devices in a report on Thursday, October 18th. MKM Partners increased their price objective on shares of Advanced Micro Devices from $13.50 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Finally, BMO Capital Markets cut their price objective on shares of Advanced Micro Devices from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.16.

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About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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

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