WealthPLAN Partners LLC Purchases 492 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

WealthPLAN Partners LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 32.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,996 shares of the semiconductor manufacturer’s stock after buying an additional 492 shares during the quarter. WealthPLAN Partners LLC’s holdings in Advanced Micro Devices were worth $360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. Tradewinds Capital Management LLC grew its position in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares in the last quarter. Northwest Bank & Trust Co purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $28,000. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Finally, Gables Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $1.86 during midday trading on Monday, hitting $183.47. 21,614,451 shares of the company were exchanged, compared to its average volume of 64,190,996. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The business has a fifty day simple moving average of $163.15 and a two-hundred day simple moving average of $167.53. The firm has a market capitalization of $296.54 billion, a PE ratio of 267.50, a price-to-earnings-growth ratio of 2.10 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Tuesday, May 7th. Piper Sandler restated an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Evercore ISI decreased their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Finally, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.47.

Advanced Micro Devices Company 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.