Physicians Financial Services Inc. acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,369 shares of the semiconductor manufacturer’s stock, valued at approximately $820,000.
Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $1,252,070,000. Jennison Associates LLC bought a new position in shares of Advanced Micro Devices during the first quarter worth approximately $1,594,894,000. Wellington Management Group LLP grew its stake in shares of Advanced Micro Devices by 123.6% in the first quarter. Wellington Management Group LLP now owns 20,254,885 shares of the semiconductor manufacturer’s stock valued at $1,985,181,000 after acquiring an additional 11,195,952 shares in the last quarter. Baillie Gifford & Co. increased its stake in Advanced Micro Devices by 7,396,755.9% during the 1st quarter. Baillie Gifford & Co. now owns 8,728,290 shares of the semiconductor manufacturer’s stock worth $855,460,000 after acquiring an additional 8,728,172 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Advanced Micro Devices by 105,415.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after purchasing an additional 8,518,629 shares during the period. Institutional investors and hedge funds own 68.43% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on AMD shares. Wedbush raised their target price on shares of Advanced Micro Devices from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, August 2nd. Craig Hallum increased their price target on Advanced Micro Devices from $100.00 to $158.00 in a report on Wednesday, June 14th. BMO Capital Markets lifted their price objective on shares of Advanced Micro Devices from $110.00 to $150.00 in a research note on Wednesday, June 14th. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $92.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Finally, Mizuho lifted their price target on shares of Advanced Micro Devices from $90.00 to $140.00 in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $135.19.
Insiders Place Their Bets
In related news, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total transaction of $8,369,250.00. Following the completion of the sale, the chief executive officer now owns 3,192,774 shares of the company’s stock, valued at approximately $356,281,650.66. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Paul Darren Grasby sold 14,942 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the completion of the sale, the executive vice president now owns 103,663 shares in the company, valued at approximately $11,010,047.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total transaction of $8,369,250.00. Following the completion of the sale, the chief executive officer now owns 3,192,774 shares of the company’s stock, valued at approximately $356,281,650.66. The disclosure for this sale can be found here. Insiders have sold a total of 121,643 shares of company stock worth $13,490,584 over the last quarter. 0.73% of the stock is owned by corporate insiders.
Advanced Micro Devices Stock Performance
Shares of Advanced Micro Devices stock opened at $105.31 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.58 and a current ratio of 2.18. The business has a 50-day simple moving average of $110.46 and a 200-day simple moving average of $104.09. The company has a market cap of $170.15 billion, a PE ratio of -5,262.87, a P/E/G ratio of 5.91 and a beta of 1.80. Advanced Micro Devices, Inc. has a one year low of $54.57 and a one year high of $132.83.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. Advanced Micro Devices’s quarterly revenue was down 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 EPS. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.01 EPS for the current fiscal year.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.
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