Patriot Financial Group Insurance Agency LLC Grows Holdings in Advanced Micro Devices, Inc. $AMD
Patriot Financial Group Insurance Agency LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 107.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,172 shares of the semiconductor manufacturer’s stock after acquiring an additional 18,222 shares during the quarter.
Other Hedge Funds and Institutional Investors
Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares during the last quarter.
Sivia Capital Partners LLC increased its position in Advanced Micro Devices by 125.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after buying an additional 2,970 shares in the last quarter. United Bank increased its position in Advanced Micro Devices by 22.0% during the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after buying an additional 2,392 shares in the last quarter.
Institutional Investors and Insider Activity
Institutional investors own 71.34% of the company’s stock. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58.
Insiders sold 378,032 shares of company stock valued at $161,876,596 over the last three months. Corporate insiders own 0.50% of the company’s stock. To know more about Indian stock market and its trends, click here.
Stock Performance and Analyst Ratings
Advanced Micro Devices stock opened at $521.58 on Friday. Advanced Micro Devices, Inc. has a one year low of $133.50 and a one year high of $562.99. The business’s fifty day moving average is $445.21 and its 200 day moving average is $296.11. The stock has a market capitalization of $850.49 billion, a PE ratio of 171.01, a price-to-earnings-growth ratio of 1.54 and a beta of 2.50.
A number of equities research analysts have recently commented on the company. Rosenblatt Securities increased their target price on Advanced Micro Devices from $300.00 to $490.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. UBS Group lifted their price target on Advanced Micro Devices from $455.00 to $670.00 and gave the stock a “buy” rating in a research report on Wednesday.
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Company Overview and Product Portfolio
Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization.
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