Global Retirement Partners LLC Purchases 1,983 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Global Retirement Partners LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,706 shares of the semiconductor manufacturer's stock after acquiring an additional 1,983 shares during the quarter. Global Retirement Partners LLC's holdings in Advanced Micro Devices were worth $4,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMD. Perpetual Ltd purchased a new position in Advanced Micro Devices during the first quarter valued at approximately $1,818,000. Sandy Spring Bank lifted its holdings in Advanced Micro Devices by 6.2% during the first quarter. Sandy Spring Bank now owns 6,342 shares of the semiconductor manufacturer's stock valued at $622,000 after purchasing an additional 372 shares in the last quarter. Truist Financial Corp lifted its holdings in Advanced Micro Devices by 11.1% during the first quarter. Truist Financial Corp now owns 351,803 shares of the semiconductor manufacturer's stock valued at $34,480,000 after purchasing an additional 35,048 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its holdings in Advanced Micro Devices by 7.7% during the first quarter. Fortitude Advisory Group L.L.C. now owns 5,446 shares of the semiconductor manufacturer's stock valued at $534,000 after purchasing an additional 388 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Advanced Micro Devices by 38.8% in the first quarter. Assetmark Inc. now owns 155,167 shares of the semiconductor manufacturer's stock worth $15,208,000 after buying an additional 43,370 shares in the last quarter. 68.90% of the stock is currently owned by institutional investors.

NASDAQ AMD traded up $2.67 during trading hours on Friday, reaching $115.82. The company had a trading volume of 83,084,633 shares, compared to its average volume of 65,355,195. The stock has a 50-day moving average of $116.42 and a 200 day moving average of $97.99. Advanced Micro Devices, Inc. has a 1-year low of $54.57 and a 1-year high of $132.83. The company has a current ratio of 2.38, a quick ratio of 1.74 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.70%. The business's revenue for the quarter was down 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 2.15 earnings per share for the current year.

In other news, EVP Forrest Eugene Norrod sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $119.35, for a total value of $2,983,750.00. Following the completion of the sale, the executive vice president now directly owns 251,816 shares of the company's stock, valued at $30,054,239.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 25,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $119.35, for a total value of $2,983,750.00. Following the completion of the transaction, the executive vice president now owns 251,816 shares in the company, valued at $30,054,239.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 31,701 shares of the firm's stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $111.49, for a total value of $3,534,344.49. Following the completion of the transaction, the executive vice president now owns 1,513,245 shares of the company's stock, valued at approximately $168,711,685.05. The disclosure for this sale can be found here. Insiders have sold 251,174 shares of company stock worth $30,761,603 over the last three months. Insiders own 0.73% of the company's stock.

A number of equities research analysts recently issued reports on AMD shares. Wedbush upped their price target on shares of Advanced Micro Devices from $145.00 to $155.00 and gave the company an "outperform" rating in a research note on Wednesday. Argus boosted their price objective on shares of Advanced Micro Devices from $100.00 to $170.00 in a research report on Thursday, June 15th. Craig Hallum upped their price target on shares of Advanced Micro Devices from $100.00 to $158.00 in a report on Wednesday, June 14th. Barclays upped their price target on shares of Advanced Micro Devices from $90.00 to $145.00 in a report on Wednesday, June 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $138.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $135.19.

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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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