Strategic Family Wealth Counselors L.L.C. Acquires New Position in Advanced Micro Devices, Inc. $AMD

Strategic Family Wealth Counselors L.L.C. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,311 shares of the semiconductor manufacturer’s stock, valued at approximately $304,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Heritage Wealth Management Inc. CA purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $255,000. CAP Partners LLC lifted its holdings in shares of Advanced Micro Devices by 11.3% during the 4th quarter. CAP Partners LLC now owns 1,668 shares of the semiconductor manufacturer’s stock valued at $357,000 after buying an additional 169 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Advanced Micro Devices by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 186,478 shares of the semiconductor manufacturer’s stock valued at $39,936,000 after buying an additional 1,000 shares in the last quarter. Stonebridge Financial Group LLC MO bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $645,000. Finally, Independent Advisor Alliance increased its holdings in Advanced Micro Devices by 0.4% in the fourth quarter. Independent Advisor Alliance now owns 297,200 shares of the semiconductor manufacturer’s stock worth $63,648,000 after buying an additional 1,254 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.9%

Shares of Advanced Micro Devices stock opened at $449.70 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $107.67 and a 52-week high of $469.21. The firm has a market capitalization of $733.28 billion, a PE ratio of 147.44, a price-to-earnings-growth ratio of 1.33 and a beta of 2.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The company’s fifty day moving average price is $269.05 and its two-hundred day moving average price is $239.23.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm’s revenue was up 37.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 6.17 EPS for the current year.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 85,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the completion of the transaction, the chief executive officer directly owned 3,146,006 shares of the company’s stock, valued at approximately $625,331,612.62. This represents a 2.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This trade represents a 2.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 184,598 shares of company stock worth $49,955,566 over the last quarter. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMD shares. Roth Mkm reaffirmed a “buy” rating and set a $500.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Mizuho boosted their target price on shares of Advanced Micro Devices from $415.00 to $515.00 and gave the stock an “outperform” rating in a research report on Tuesday. Benchmark raised their price target on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Erste Group Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $396.95.

View Our Latest Report on Advanced Micro Devices

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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

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