3,249 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Portfolio Design Labs LLC

Portfolio Design Labs LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the fourth quarter, Holdings Channel.com reports. The fund purchased 3,249 shares of the semiconductor manufacturer’s stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Chase Investment Counsel Corp lifted its position in Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after buying an additional 87 shares during the period. Washburn Capital Management Inc. purchased a new position in Advanced Micro Devices during the fourth quarter valued at $231,000. Pathway Financial Advisors LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $229,000. Independence Bank of Kentucky lifted its position in Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after buying an additional 1,677 shares during the period. Finally, Fortis Capital Advisors LLC lifted its position in Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after buying an additional 7,235 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. Mizuho lowered their price objective on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Cantor Fitzgerald lowered their price target on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Benchmark lowered their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $185.26.

Get Our Latest Analysis on AMD

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $290,290,831.46. The disclosure for this sale can be found here. Insiders have sold a total of 165,650 shares of company stock valued at $31,761,199 in the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $5.85 during trading hours on Wednesday, reaching $165.76. 31,301,584 shares of the company traded hands, compared to its average volume of 67,773,633. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company has a market cap of $267.92 billion, a P/E ratio of 243.74, a P/E/G ratio of 1.91 and a beta of 1.66. The firm has a 50-day moving average price of $163.57 and a 200 day moving average price of $159.06.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the firm earned $0.43 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

About Advanced Micro Devices

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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