GDS Wealth Management Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GDS Wealth Management bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 58,124 shares of the semiconductor manufacturer’s stock, valued at approximately $8,568,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices in the third quarter worth $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices during the 3rd quarter valued at about $27,000. Bare Financial Services Inc acquired a new stake in Advanced Micro Devices during the 4th quarter worth $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $29,000. Finally, Gables Capital Management Inc. bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of a number of research reports. Susquehanna cut their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research note on Monday, April 29th. KeyCorp lowered their target price on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Citigroup cut their price target on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Tuesday. Finally, HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.94.

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 on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Insiders have sold a total of 181,850 shares of company stock worth $34,637,833 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $1.23 during mid-day trading on Thursday, reaching $152.39. 32,981,923 shares of the stock traded hands, compared to its average volume of 70,356,836. The business has a 50-day moving average of $174.08 and a 200 day moving average of $153.24. 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 stock has a market capitalization of $246.31 billion, a PE ratio of 224.10, a PEG ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

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.