Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Choreo LLC

Choreo LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,989 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,811 shares during the period. Choreo LLC’s holdings in Advanced Micro Devices were worth $1,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMD. Washburn Capital Management Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $231,000. Pathway Financial Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $229,000. Independence Bank of Kentucky lifted its stake 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 worth $541,000 after purchasing an additional 1,677 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $1,759,000. Finally, Gendell Jeffrey L purchased a new stake in Advanced Micro Devices during the third quarter worth approximately $3,085,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of several recent analyst reports. Evercore ISI assumed coverage on Advanced Micro Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $200.00 target price for the company. Mizuho boosted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a research note on Wednesday, January 31st. Barclays boosted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $184.68.

Advanced Micro Devices Trading Down 1.1 %

Shares of AMD stock opened at $158.38 on Wednesday. The business’s fifty day moving average price is $177.04 and its 200 day moving average price is $151.59. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The firm has a market capitalization of $255.96 billion, a PE ratio of 304.58, a P/E/G ratio of 2.39 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.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

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.