BluePath Capital Management LLC Buys New Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

BluePath Capital Management LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,302 shares of the semiconductor manufacturer’s stock, valued at approximately $415,000.

Several other institutional investors have also recently added to or reduced their stakes in AMD. State of Alaska Department of Revenue boosted its holdings in Advanced Micro Devices by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 175,359 shares of the semiconductor manufacturer’s stock worth $31,650,000 after acquiring an additional 865 shares in the last quarter. Albion Financial Group UT grew its position in Advanced Micro Devices by 149.0% in the 1st quarter. Albion Financial Group UT now owns 5,000 shares of the semiconductor manufacturer’s stock valued at $902,000 after purchasing an additional 2,992 shares during the period. Valeo Financial Advisors LLC increased its stake in Advanced Micro Devices by 38.5% during the 1st quarter. Valeo Financial Advisors LLC now owns 17,732 shares of the semiconductor manufacturer’s stock valued at $3,200,000 after purchasing an additional 4,929 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in shares of Advanced Micro Devices by 4.4% in the first quarter. Sivia Capital Partners LLC now owns 4,035 shares of the semiconductor manufacturer’s stock valued at $728,000 after buying an additional 170 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 0.2 %

AMD traded down $0.41 during midday trading on Wednesday, reaching $163.90. The company’s stock had a trading volume of 26,980,905 shares, compared to its average volume of 64,678,125. The stock’s 50-day moving average is $159.54 and its 200-day moving average is $165.56. The firm has a market capitalization of $264.91 billion, a price-to-earnings ratio of 241.03, a PEG ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. 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 (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during 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 quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Wall Street Analyst Weigh In

AMD has been the topic of several recent analyst reports. Cantor Fitzgerald dropped their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Tuesday, May 7th. UBS Group reduced their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. KeyCorp reduced their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Finally, HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. 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, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

Insider Activity

In other 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.65% of the company’s stock.

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.