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

Mayfair Advisory Group LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,001 shares of the semiconductor manufacturer’s stock after acquiring an additional 69 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Advanced Micro Devices were worth $361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $28,000. Bare Financial Services Inc acquired a new position in Advanced Micro Devices during the fourth quarter worth $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Gables Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.7 %

Advanced Micro Devices stock traded up $2.74 during mid-day trading on Friday, hitting $162.21. The company had a trading volume of 56,204,617 shares, compared to its average volume of 48,393,012. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The business has a fifty day moving average of $159.12 and a 200 day moving average of $165.24. The stock has a market cap of $262.18 billion, a price-to-earnings ratio of 238.54, a PEG ratio of 1.87 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm posted $0.43 EPS. The company’s revenue was up 2.2% on a year-over-year basis. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report 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 target price for the company. in a research note on Monday, June 10th. Evercore ISI reduced their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Finally, Jefferies Financial Group initiated coverage on shares of Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices 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.