Veery Capital LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,737 shares of the semiconductor manufacturer’s stock, valued at approximately $660,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Accurate Wealth Management LLC increased its position in Advanced Micro Devices by 12.1% during the 1st quarter. Accurate Wealth Management LLC now owns 4,881 shares of the semiconductor manufacturer’s stock worth $466,000 after purchasing an additional 526 shares during the period. HB Wealth Management LLC increased its position in Advanced Micro Devices by 2.7% during the 1st quarter. HB Wealth Management LLC now owns 15,034 shares of the semiconductor manufacturer’s stock worth $1,473,000 after purchasing an additional 400 shares during the period. Drive Wealth Management LLC acquired a new position in Advanced Micro Devices during the 1st quarter worth approximately $342,000. Focused Wealth Management Inc increased its position in Advanced Micro Devices by 29.7% during the 1st quarter. Focused Wealth Management Inc now owns 1,622 shares of the semiconductor manufacturer’s stock worth $159,000 after purchasing an additional 371 shares during the period. Finally, Romano Brothers AND Company increased its position in Advanced Micro Devices by 7.5% during the 1st quarter. Romano Brothers AND Company now owns 10,697 shares of the semiconductor manufacturer’s stock worth $1,048,000 after purchasing an additional 750 shares during the period. Institutional investors and hedge funds own 68.90% of the company’s stock.
Advanced Micro Devices Stock Down 1.3 %
Shares of NASDAQ AMD opened at $110.70 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $132.83. The firm has a market cap of $178.27 billion, a price-to-earnings ratio of 481.30, a PEG ratio of 9.08 and a beta of 1.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.74 and a current ratio of 2.38. The stock’s 50-day simple moving average is $105.61 and its 200-day simple moving average is $88.37.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its earnings results on Tuesday, May 2nd. The semiconductor manufacturer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Advanced Micro Devices had a return on equity of 7.19% and a net margin of 1.71%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same period in the previous year, the company earned $1.02 earnings per share. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.17 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
AMD has been the topic of a number of research reports. Benchmark upped their price target on Advanced Micro Devices from $103.00 to $108.00 in a report on Wednesday, May 3rd. Bank of America upped their target price on Advanced Micro Devices from $120.00 to $135.00 in a research note on Wednesday, May 31st. KeyCorp upped their target price on Advanced Micro Devices from $110.00 to $150.00 in a research note on Monday, June 12th. 58.com reaffirmed a “maintains” rating on shares of Advanced Micro Devices in a research note on Wednesday, May 3rd. Finally, Jefferies Financial Group upped their target price on Advanced Micro Devices from $100.00 to $145.00 in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $125.06.
Insider Transactions at Advanced Micro Devices
In other news, EVP Mark D. Papermaster sold 30,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, April 6th. The stock was sold at an average price of $91.39, for a total transaction of $2,741,700.00. Following the sale, the executive vice president now directly owns 1,516,945 shares of the company’s stock, valued at $138,633,603.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Victor Peng sold 105,000 shares of Advanced Micro Devices stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $124.57, for a total value of $13,079,850.00. Following the completion of the transaction, the insider now directly owns 321,090 shares in the company, valued at $39,998,181.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 30,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, April 6th. The stock was sold at an average price of $91.39, for a total value of $2,741,700.00. Following the completion of the transaction, the executive vice president now owns 1,516,945 shares of the company’s stock, valued at $138,633,603.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 291,973 shares of company stock valued at $33,708,784. 0.73% of the stock is currently owned by insiders.
About Advanced Micro Devices
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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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
Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating).
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