High Net Worth Advisory Group LLC Acquires Shares of 1,392 Advanced Micro Devices, Inc. (NASDAQ:AMD)

High Net Worth Advisory Group LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,392 shares of the semiconductor manufacturer’s stock, valued at approximately $251,000.

A number of other large investors have also added to or reduced their stakes in AMD. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $27,000. Northwest Bank & Trust Co purchased a new stake in Advanced Micro Devices during the fourth quarter valued at $28,000. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.9 %

Shares of NASDAQ:AMD traded down $1.39 during trading on Monday, hitting $159.84. The company had a trading volume of 9,314,402 shares, compared to its average volume of 65,602,398. The stock has a market cap of $258.35 billion, a price-to-earnings ratio of 235.11, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company has a fifty day simple moving average of $158.71 and a two-hundred day simple moving average of $164.31. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one 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, topping analysts’ consensus estimates 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 company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $0.43 earnings per share. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AMD shares. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Truist Financial cut their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Benchmark decreased their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is currently owned by 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.