Center for Financial Planning Inc. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 18.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 981 shares of the semiconductor manufacturer’s stock after selling 229 shares during the period. Center for Financial Planning Inc.’s holdings in Advanced Micro Devices were worth $64,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Buckingham Strategic Wealth LLC raised its stake in Advanced Micro Devices by 69.8% in the third quarter. Buckingham Strategic Wealth LLC now owns 5,644 shares of the semiconductor manufacturer’s stock valued at $358,000 after buying an additional 2,320 shares in the last quarter. Redwood Investment Management LLC lifted its stake in Advanced Micro Devices by 155.1% during the third quarter. Redwood Investment Management LLC now owns 7,789 shares of the semiconductor manufacturer’s stock worth $494,000 after purchasing an additional 4,736 shares during the last quarter. Strs Ohio boosted its holdings in Advanced Micro Devices by 0.3% in the third quarter. Strs Ohio now owns 665,740 shares of the semiconductor manufacturer’s stock valued at $42,181,000 after purchasing an additional 1,858 shares in the last quarter. First Heartland Consultants Inc. increased its stake in Advanced Micro Devices by 8.0% in the third quarter. First Heartland Consultants Inc. now owns 4,676 shares of the semiconductor manufacturer’s stock valued at $296,000 after purchasing an additional 347 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Advanced Micro Devices by 22.7% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,924 shares of the semiconductor manufacturer’s stock valued at $1,906,000 after buying an additional 4,615 shares during the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.
Analyst Ratings Changes
AMD has been the subject of several research reports. Northland Securities boosted their target price on Advanced Micro Devices from $60.00 to $68.00 and gave the company a “market perform” rating in a report on Wednesday, February 1st. Citigroup increased their price objective on Advanced Micro Devices from $65.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. StockNews.com began coverage on shares of Advanced Micro Devices in a report on Thursday, March 16th. They issued a “sell” rating on the stock. Mizuho decreased their price target on shares of Advanced Micro Devices from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, February 1st. Finally, KeyCorp lifted their price objective on shares of Advanced Micro Devices from $80.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.10.
Insiders Place Their Bets
Advanced Micro Devices Stock Down 0.1 %
Shares of NASDAQ AMD opened at $92.47 on Monday. The firm has a market cap of $148.82 billion, a P/E ratio of 105.08, a price-to-earnings-growth ratio of 5.61 and a beta of 1.95. The firm’s 50 day moving average price is $86.73 and its 200 day moving average price is $73.91. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $109.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.77 and a current ratio of 2.36.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. Advanced Micro Devices had a net margin of 5.59% and a return on equity of 8.52%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.4 earnings per share for the current year.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.
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