MainStreet Investment Advisors LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

MainStreet Investment Advisors LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,508 shares of the semiconductor manufacturer’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optimum Investment Advisors grew its holdings in shares of Advanced Micro Devices by 1,250.0% in the 1st quarter. Optimum Investment Advisors now owns 540 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. Harwood Advisory Group LLC bought a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $26,000. Anderson Fisher LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $28,000. CX Institutional grew its holdings in shares of Advanced Micro Devices by 102.6% in the 1st quarter. CX Institutional now owns 616 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 312 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. Institutional investors own 69.47% of the company’s stock.

Several equities analysts have recently weighed in on the company. Wedbush restated a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, April 30th. Sanford C. Bernstein reiterated a “hold” rating on shares of Advanced Micro Devices in a research note on Thursday, April 16th. Cowen reiterated a “buy” rating and issued a $60.00 target price on shares of Advanced Micro Devices in a research note on Friday, March 6th. Nomura Securities reiterated a “buy” rating and issued a $58.00 target price on shares of Advanced Micro Devices in a research note on Friday, March 6th. Finally, Argus raised their target price on shares of Advanced Micro Devices from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Advanced Micro Devices currently has an average rating of “Buy” and an average price target of $52.00.

Shares of AMD traded up $0.52 during mid-day trading on Friday, hitting $55.17. 43,407,972 shares of the company’s stock were exchanged, compared to its average volume of 63,463,564. Advanced Micro Devices, Inc. has a 52 week low of $26.03 and a 52 week high of $59.27. The stock’s 50-day simple moving average is $52.30 and its 200-day simple moving average is $46.90. The firm has a market cap of $64.01 billion, a price-to-earnings ratio of 128.30, a price-to-earnings-growth ratio of 2.74 and a beta of 2.18. The company has a quick ratio of 1.68, a current ratio of 2.21 and a debt-to-equity ratio of 0.16.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 28th. The semiconductor manufacturer reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Advanced Micro Devices had a net margin of 6.72% and a return on equity of 28.28%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 40.4% on a year-over-year basis. Analysts forecast that Advanced Micro Devices, Inc. will post 0.83 earnings per share for the current fiscal year.

In related news, SVP Forrest Eugene Norrod sold 75,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $57.06, for a total value of $4,279,500.00. Following the transaction, the senior vice president now directly owns 827,100 shares of the company’s stock, valued at $47,194,326. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 43,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $53.84, for a total transaction of $2,315,120.00. Following the completion of the transaction, the executive vice president now directly owns 1,378,280 shares in the company, valued at $74,206,595.20. The disclosure for this sale can be found here. Insiders have sold 268,000 shares of company stock worth $14,909,120 over the last ninety days. Insiders own 1.50% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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