Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by DeDora Capital Inc.

DeDora Capital Inc. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,947 shares of the semiconductor manufacturer’s stock after purchasing an additional 74 shares during the period. DeDora Capital Inc.’s holdings in Advanced Micro Devices were worth $1,795,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Addison Advisors LLC increased its position in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the period. Prentice Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after buying an additional 63 shares in the last quarter. Schear Investment Advisers LLC grew its holdings in Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares during the period. Finally, Fiduciary Group LLC raised its position in Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AMD. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Morgan Stanley decreased their price target on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. UBS Group dropped their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Evercore ISI decreased their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $184.24.

Advanced Micro Devices Trading Up 3.0 %

AMD traded up $4.44 on Friday, reaching $150.60. 49,361,081 shares of the company’s stock were exchanged, compared to its average volume of 55,429,640. The company’s 50 day moving average is $175.41 and its 200-day moving average is $151.81. The company has a market cap of $243.42 billion, a price-to-earnings ratio of 221.47, a PEG ratio of 2.29 and a beta of 1.66. Advanced Micro Devices, Inc. has a twelve month low of $81.11 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.59 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the 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 owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of the 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 transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock valued at $34,637,833 over the last 90 days. 0.73% of the stock is owned by corporate insiders.

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.