White Wing Wealth Management Invests $221,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

White Wing Wealth Management purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,207 shares of the semiconductor manufacturer’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Addison Advisors LLC lifted its stake in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the last quarter. Prentice Wealth Management LLC increased its position in shares of Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after acquiring an additional 62 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after acquiring an additional 63 shares during the last quarter. Schear Investment Advisers LLC grew its position in Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after buying an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC raised its stake in Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of several analyst reports. Mizuho dropped their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. Evercore ISI dropped 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 report on Wednesday, May 1st. KeyCorp lowered their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded up $2.74 during trading hours on Friday, hitting $162.21. 56,204,617 shares of the stock were exchanged, compared to its average volume of 48,393,012. The company has a market cap of $262.18 billion, a P/E ratio of 238.54, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The firm’s fifty day moving average price is $159.12 and its 200 day moving average price is $165.24.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The business 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 for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

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.