OneAscent Financial Services LLC Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

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OneAscent Financial Services LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,290 shares of the semiconductor manufacturer’s stock, valued at approximately $585,000. Advanced Micro Devices comprises about 2.6% of OneAscent Financial Services LLC’s investment portfolio, making the stock its 8th largest position.

A number of other institutional investors have also modified their holdings of the business. Nuveen Asset Management LLC boosted its holdings in shares of Advanced Micro Devices by 5,801.3% in the second quarter. Nuveen Asset Management LLC now owns 13,053,535 shares of the semiconductor manufacturer’s stock valued at $396,435,000 after acquiring an additional 12,832,339 shares in the last quarter. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 4.1% in the second quarter. Vanguard Group Inc. now owns 107,711,218 shares of the semiconductor manufacturer’s stock valued at $3,271,190,000 after purchasing an additional 4,205,071 shares during the period. Prudential PLC grew its holdings in Advanced Micro Devices by 4,396.7% in the second quarter. Prudential PLC now owns 2,495,677 shares of the semiconductor manufacturer’s stock valued at $75,789,000 after purchasing an additional 2,440,177 shares during the period. Carillon Tower Advisers Inc. grew its holdings in Advanced Micro Devices by 61.0% in the second quarter. Carillon Tower Advisers Inc. now owns 3,947,365 shares of the semiconductor manufacturer’s stock valued at $119,881,000 after purchasing an additional 1,495,510 shares during the period. Finally, AXA grew its holdings in Advanced Micro Devices by 39.5% in the second quarter. AXA now owns 2,992,300 shares of the semiconductor manufacturer’s stock valued at $90,876,000 after purchasing an additional 847,972 shares during the period. 70.55% of the stock is currently owned by institutional investors.

AMD has been the subject of a number of recent analyst reports. Nomura boosted their target price on shares of Advanced Micro Devices from $37.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Mizuho set a $36.00 target price on shares of Advanced Micro Devices and gave the company a “hold” rating in a report on Monday, August 12th. Morgan Stanley boosted their price objective on shares of Advanced Micro Devices from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Piper Jaffray Companies assumed coverage on shares of Advanced Micro Devices in a research note on Monday, August 19th. They set a “neutral” rating and a $33.00 price objective for the company. Finally, ValuEngine downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Advanced Micro Devices presently has a consensus rating of “Hold” and an average price target of $35.48.

Shares of NASDAQ AMD traded up $0.79 during trading on Wednesday, reaching $39.69. 44,289,312 shares of the stock were exchanged, compared to its average volume of 67,882,172. The business’s 50-day moving average price is $35.87 and its 200 day moving average price is $31.86. Advanced Micro Devices, Inc. has a twelve month low of $16.03 and a twelve month high of $41.79. The company has a quick ratio of 1.54, a current ratio of 2.10 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $44.20 billion, a price-to-earnings ratio of 113.40, a price-to-earnings-growth ratio of 3.53 and a beta of 3.11.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Advanced Micro Devices had a net margin of 3.47% and a return on equity of 16.54%. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 0.46 earnings per share for the current fiscal year.

In related news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $41.28, for a total value of $1,238,400.00. Also, SVP Forrest Eugene Norrod sold 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $39.71, for a total transaction of $1,985,500.00. Following the completion of the sale, the senior vice president now directly owns 914,600 shares in the company, valued at $36,318,766. The disclosure for this sale can be found here. Over the last three months, insiders have sold 706,938 shares of company stock worth $23,954,197. Corporate insiders own 1.50% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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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