Tempus Wealth Planning LLC Acquires 265 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tempus Wealth Planning LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.8% during the first quarter, Holdings Channel.com reports. The fund owned 3,275 shares of the semiconductor manufacturer’s stock after buying an additional 265 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Advanced Micro Devices were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Tradewinds Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $28,000. Bare Financial Services Inc purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred 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 directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMD. Benchmark cut their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Piper Sandler reiterated an “overweight” rating and issued a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Mizuho dropped their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a report on Monday, May 13th. They set a “buy” rating and a $190.00 target price for the company. Finally, Morgan Stanley cut Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 target price for the company. in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Stock Down 0.2 %

Advanced Micro Devices stock traded down $0.41 on Thursday, hitting $163.90. 26,980,906 shares of the stock traded hands, compared to its average volume of 48,034,668. The business’s fifty day simple moving average is $159.78 and its 200 day simple moving average is $165.55. The firm has a market cap of $264.91 billion, a P/E ratio of 241.03, a price-to-earnings-growth ratio of 1.90 and a beta of 1.68. 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 1 year low of $93.11 and a 1 year high of $227.30.

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

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.