45,304 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by OMC Financial Services LTD

OMC Financial Services LTD acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 45,304 shares of the semiconductor manufacturer’s stock, valued at approximately $8,177,000. Advanced Micro Devices accounts for 4.2% of OMC Financial Services LTD’s portfolio, making the stock its 7th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC lifted its stake in Advanced Micro Devices by 102.9% during the first 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 acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $28,000. Semmax Financial Advisors Inc. raised its stake in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 139 shares in the last quarter. Bare Financial Services Inc acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $0.04 during mid-day trading on Friday, reaching $132.50. The stock had a trading volume of 78,561,997 shares, compared to its average volume of 60,147,232. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.82. The firm has a market capitalization of $214.45 billion, a price-to-earnings ratio of 194.86, a PEG ratio of 1.79 and a beta of 1.69. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The business has a 50 day simple moving average of $160.41 and a 200 day simple moving average of $167.75.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the topic of several analyst reports. TD Cowen increased their price objective on Advanced Micro Devices from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Citigroup increased their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. 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 research note on Wednesday, May 1st. Truist Financial cut their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. One equities 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $193.45.

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.