1,206 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by McAlister Sweet & Associates Inc.

McAlister Sweet & Associates Inc. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, Holdings Channel reports. The institutional investor bought 1,206 shares of the semiconductor manufacturer’s stock, valued at approximately $218,000. Advanced Micro Devices comprises 0.2% of McAlister Sweet & Associates Inc.’s holdings, making the stock its 29th largest position.

A number of other institutional investors have also modified their holdings of the business. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices in the 3rd quarter valued at $27,000. Northwest Bank & Trust Co purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $28,000. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $3.77 during midday trading on Tuesday, reaching $154.63. 51,693,804 shares of the company traded hands, compared to its average volume of 65,895,055. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The stock has a 50-day moving average price of $159.50 and a 200 day moving average price of $163.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company has a market cap of $249.93 billion, a price-to-earnings ratio of 227.67, a PEG ratio of 1.85 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results 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. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMD. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Cantor Fitzgerald cut their target price on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. UBS Group cut their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Morgan Stanley lowered shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective on the stock. in a report on Monday, June 10th. Finally, Benchmark cut their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

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.