Veracity Capital LLC Purchases 703 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Veracity Capital LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,822 shares of the semiconductor manufacturer’s stock after buying an additional 703 shares during the quarter. Veracity Capital LLC’s holdings in Advanced Micro Devices were worth $870,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its position in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in Advanced Micro Devices during the 3rd quarter worth about $27,000. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $28,000. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $0.41 during mid-day trading on Thursday, reaching $163.90. 26,980,906 shares of the stock traded hands, compared to its average volume of 48,034,668. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $159.78 and a 200 day moving average of $165.55. The stock has a market capitalization of $264.91 billion, a PE ratio of 241.03, a PEG ratio of 1.90 and a beta of 1.68. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

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. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. KeyCorp lowered their target price on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Tuesday, May 7th. Truist Financial decreased their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. Mizuho cut their price objective on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $190.83.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s 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 in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is currently owned by company insiders.

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.