Certified Advisory Corp Purchases New Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Certified Advisory Corp purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,485 shares of the semiconductor manufacturer’s stock, valued at approximately $219,000.

Other large investors have also made changes to their positions in the company. Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. Gables Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. Kathleen S. Wright Associates Inc. bought a new position in Advanced Micro Devices in the fourth quarter valued at about $30,000. Finally, Addison Advisors LLC boosted its holdings in Advanced Micro Devices by 41.9% in the fourth 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 last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMD. KeyCorp decreased their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Evercore ISI reduced their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Roth Mkm reduced their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, UBS Group reduced their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $185.26.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $1.58 during trading on Thursday, reaching $167.10. 17,222,918 shares of the company’s stock were exchanged, compared to its average volume of 67,498,719. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a market cap of $270.09 billion, a P/E ratio of 243.42, a PEG ratio of 1.89 and a beta of 1.66. The firm’s 50-day moving average price is $165.28 and its 200 day moving average price is $157.30.

Advanced Micro Devices (NASDAQ:AMD) last issued 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. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Lisa T. Su sold 125,000 shares of the company’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 approximately $628,753,739.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 165,650 shares of company stock valued at $31,761,199 in the last 90 days. Corporate insiders own 0.73% of the company’s stock.

About Advanced Micro Devices

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.