Red Door Wealth Management LLC Takes $203,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Red Door Wealth Management LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, HoldingsChannel.com reports. The firm bought 1,123 shares of the semiconductor manufacturer’s stock, valued at approximately $203,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter worth about $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Advanced Micro Devices by 813.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock worth $685,089,000 after purchasing an additional 4,138,612 shares during the period. International Assets Investment Management LLC lifted its stake in Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares during the last quarter. Capital World Investors grew its holdings in Advanced Micro Devices by 176.9% during the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock valued at $688,190,000 after purchasing an additional 2,982,704 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after buying an additional 2,553,392 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 1.7 %

NASDAQ:AMD opened at $162.21 on Monday. The firm has a market capitalization of $262.18 billion, a P/E ratio of 238.54, a P/E/G ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. 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 company has a fifty day moving average of $159.12 and a 200 day moving average of $165.24.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the business posted $0.43 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research reports. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday, June 15th. Mizuho lowered their price target 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. TD Cowen boosted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

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.