Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,635 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,569 shares during the period. Cornerstone Wealth Group LLC’s holdings in Advanced Micro Devices were worth $4,446,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Richardson Capital Management LLC bought a new position in Advanced Micro Devices in the first quarter worth about $103,000. Physician Wealth Advisors Inc. lifted its holdings in Advanced Micro Devices by 3.5% in the first quarter. Physician Wealth Advisors Inc. now owns 3,797 shares of the semiconductor manufacturer’s stock worth $685,000 after acquiring an additional 128 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Advanced Micro Devices by 13.5% during the first quarter. New Mexico Educational Retirement Board now owns 95,050 shares of the semiconductor manufacturer’s stock valued at $17,156,000 after buying an additional 11,300 shares during the last quarter. Founders Financial Securities LLC raised its holdings in shares of Advanced Micro Devices by 9.8% during the first quarter. Founders Financial Securities LLC now owns 3,005 shares of the semiconductor manufacturer’s stock valued at $542,000 after buying an additional 267 shares during the last quarter. Finally, Ridgecrest Wealth Partners LLC bought a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $335,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of 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 can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 1.7 %

Shares of AMD stock traded up $2.74 on Friday, hitting $162.21. The company’s stock had a trading volume of 56,204,617 shares, compared to its average volume of 48,393,012. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The firm’s fifty day moving average price is $159.12 and its 200-day moving average price is $165.05. The stock has a market capitalization of $262.18 billion, a price-to-earnings ratio of 238.54, a P/E/G ratio of 1.87 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released 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 firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AMD shares. Jefferies Financial Group started coverage on Advanced Micro Devices in a report on Monday, May 13th. They set a “buy” rating and a $190.00 price target on the stock. Citigroup dropped their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and set a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company. 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.