Consolidated Planning Corp Acquires Shares of 11,167 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Consolidated Planning Corp bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,167 shares of the semiconductor manufacturer’s stock, valued at approximately $1,646,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in shares of Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after buying an additional 3,714,069 shares during the last quarter. Sylebra Capital LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $227,566,000. Atreides Management LP raised its holdings in shares of Advanced Micro Devices by 114.3% in the third quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock valued at $351,925,000 after purchasing an additional 1,825,557 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Advanced Micro Devices during the third quarter valued at about $169,199,000. Finally, Jennison Associates LLC boosted its holdings in Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after purchasing an additional 1,490,997 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $3.64 during trading on Friday, reaching $157.40. The company’s stock had a trading volume of 42,425,480 shares, compared to its average volume of 54,821,344. The stock has a market capitalization of $254.38 billion, a PE ratio of 302.70, a P/E/G ratio of 2.34 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm has a fifty day moving average of $177.46 and a 200 day moving average of $150.27. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same period in the prior year, the business earned $0.54 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on AMD shares. UBS Group increased their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Morgan Stanley boosted their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Mizuho raised their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Finally, DZ Bank restated a “hold” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Profile

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.