Calton & Associates Inc. Has $802,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Calton & Associates Inc. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,444 shares of the semiconductor manufacturer’s stock after selling 1,508 shares during the quarter. Calton & Associates Inc.’s holdings in Advanced Micro Devices were worth $802,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AMD. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $27,000. Northwest Bank & Trust Co bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Bare Financial Services Inc bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Gables Capital Management Inc. bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.7 %

AMD traded up $2.74 during trading on Friday, reaching $162.21. 56,169,371 shares of the stock were exchanged, compared to its average volume of 65,151,605. The stock has a market cap of $262.18 billion, a P/E ratio of 238.55, a price-to-earnings-growth ratio of 1.82 and a beta of 1.69. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The stock’s 50 day moving average price is $159.12 and its two-hundred day moving average price is $164.86. 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 (NASDAQ:AMD) last issued its 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 business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

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 on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on AMD. Benchmark reduced 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 research note on Thursday, May 2nd. Piper Sandler reissued an “overweight” rating and set a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Barclays lifted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Truist Financial cut their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Company Profile

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.