Parker Investment Management LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,100 shares of the semiconductor manufacturer’s stock, valued at approximately $368,000. Advanced Micro Devices makes up approximately 0.1% of Parker Investment Management LLC’s holdings, making the stock its 16th largest holding.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dupont Capital Management Corp lifted its stake in shares of Advanced Micro Devices by 35.0% during the fourth quarter. Dupont Capital Management Corp now owns 22,674 shares of the semiconductor manufacturer’s stock worth $1,040,000 after purchasing an additional 5,874 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Advanced Micro Devices by 2.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 24,053 shares of the semiconductor manufacturer’s stock worth $1,103,000 after acquiring an additional 495 shares in the last quarter. Kovack Advisors Inc. purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $264,000. CIBC Private Wealth Group LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $353,000. Finally, Cardan Capital Partners LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $251,000. Institutional investors own 69.79% of the company’s stock.
In other news, EVP Mark D. Papermaster sold 43,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $53.84, for a total value of $2,315,120.00. Following the completion of the sale, the executive vice president now directly owns 1,378,280 shares of the company’s stock, valued at approximately $74,206,595.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 150,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $55.43, for a total transaction of $8,314,500.00. Following the completion of the transaction, the chief executive officer now owns 2,753,670 shares of the company’s stock, valued at $152,635,928.10. The disclosure for this sale can be found here. Insiders have sold a total of 268,000 shares of company stock valued at $14,909,120 in the last quarter. 1.20% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on AMD shares. Northland Securities lifted their price target on shares of Advanced Micro Devices from $52.50 to $67.50 in a research note on Wednesday, April 29th. Mizuho restated a “buy” rating and set a $59.00 price objective (up previously from $55.00) on shares of Advanced Micro Devices in a research note on Tuesday, April 28th. Craig Hallum upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the company from $48.00 to $60.00 in a research note on Friday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Finally, BidaskClub downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have issued a buy rating to the stock. Advanced Micro Devices currently has a consensus rating of “Buy” and an average target price of $52.00.
NASDAQ AMD traded down $1.18 on Tuesday, hitting $52.45. The stock had a trading volume of 19,522,731 shares, compared to its average volume of 56,184,716. The company’s 50-day moving average is $53.96 and its two-hundred day moving average is $47.80. Advanced Micro Devices, Inc. has a one year low of $27.29 and a one year high of $59.27. The stock has a market cap of $61.26 billion, a price-to-earnings ratio of 121.65, a P/E/G ratio of 1.61 and a beta of 2.14. The company has a quick ratio of 1.68, a current ratio of 2.21 and a debt-to-equity ratio of 0.16.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 28th. The semiconductor manufacturer reported $0.18 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Advanced Micro Devices had a return on equity of 28.28% and a net margin of 6.72%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 40.4% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 0.83 earnings per share for the current year.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
Further Reading: Recession
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