Confluence Wealth Services Inc. Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Confluence Wealth Services Inc. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 64.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,914 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,144 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Advanced Micro Devices were worth $526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $28,000. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Finally, Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the fourth quarter worth $29,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $1.82 during trading on Tuesday, hitting $158.38. The stock had a trading volume of 57,985,168 shares, compared to its average volume of 72,251,242. The business has a fifty day moving average of $177.04 and a two-hundred day moving average of $151.59. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The firm has a market cap of $255.96 billion, a P/E ratio of 304.58, a PEG ratio of 2.39 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 over the last ninety days. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMD. Cantor Fitzgerald reissued an “overweight” rating and set a $190.00 target price on shares of Advanced Micro Devices in a report on Monday, March 4th. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. The Goldman Sachs Group upped their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Wednesday, January 24th. Finally, DZ Bank restated a “hold” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $184.68.

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.