Cornerstone Advisors LLC Has $7.30 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cornerstone Advisors LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 3.7% in the third quarter, Holdings Channel reports. The institutional investor owned 71,000 shares of the semiconductor manufacturer’s stock after selling 2,700 shares during the period. Cornerstone Advisors LLC’s holdings in Advanced Micro Devices were worth $7,300,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. bought a new position in Advanced Micro Devices in the first quarter valued at about $836,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Advanced Micro Devices by 49.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after acquiring an additional 791,710 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in Advanced Micro Devices by 34.9% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after acquiring an additional 692 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Advanced Micro Devices by 104.8% in the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after acquiring an additional 4,072 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Advanced Micro Devices by 217.2% in the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after acquiring an additional 272,557 shares during the last quarter. Institutional investors and hedge funds own 68.43% of the company’s stock.

Advanced Micro Devices Stock Up 1.3 %

Shares of AMD stock traded up $2.17 during mid-day trading on Monday, hitting $174.65. The company’s stock had a trading volume of 39,601,263 shares, compared to its average volume of 85,011,891. Advanced Micro Devices, Inc. has a 52-week low of $75.92 and a 52-week high of $184.92. The business has a 50-day moving average price of $150.95 and a 200 day moving average price of $123.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock has a market cap of $279.44 billion, a price-to-earnings ratio of 339.79, a PEG ratio of 2.59 and a beta of 1.63.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. Research analysts predict that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $145.00 target price on shares of Advanced Micro Devices in a report on Thursday, December 7th. TD Cowen increased their price target on Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. The Goldman Sachs Group increased their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Barclays increased their price target on Advanced Micro Devices from $120.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Finally, Morgan Stanley increased their price target on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.88.

Get Our Latest Stock Analysis on AMD

Insider Activity at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 238,293 shares of company stock worth $37,275,520. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Profile

(Free Report)

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.

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

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