Horizon Wealth Management LLC Takes $206,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Horizon Wealth Management LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, Holdings Channel.com reports. The firm acquired 1,143 shares of the semiconductor manufacturer’s stock, valued at approximately $206,000.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock worth $685,089,000 after buying an additional 4,138,612 shares during the period. International Assets Investment Management LLC increased its stake in shares of Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after buying an additional 3,714,069 shares during the period. Capital World Investors increased its stake in shares of Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after buying an additional 2,982,704 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after buying an additional 2,553,392 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $4.73 during midday trading on Monday, hitting $157.48. 37,939,461 shares of the company’s stock traded hands, compared to its average volume of 64,934,441. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The stock has a market capitalization of $254.54 billion, a price-to-earnings ratio of 230.59, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The firm has a fifty day moving average of $159.12 and a 200 day moving average of $165.24.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were 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 approximately $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.65% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Roth Mkm decreased their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Truist Financial reduced their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. Finally, Evercore ISI reduced their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently 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.