Albion Financial Group UT Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Albion Financial Group UT lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 149.0% in the 1st quarter, HoldingsChannel reports. The firm owned 5,000 shares of the semiconductor manufacturer’s stock after buying an additional 2,992 shares during the quarter. Albion Financial Group UT’s holdings in Advanced Micro Devices were worth $902,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of AMD. Valeo Financial Advisors LLC grew its stake in Advanced Micro Devices by 38.5% in the 1st quarter. Valeo Financial Advisors LLC now owns 17,732 shares of the semiconductor manufacturer’s stock valued at $3,200,000 after buying an additional 4,929 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 71 shares during the period. Sivia Capital Partners LLC grew its position in shares of Advanced Micro Devices by 4.4% in the first quarter. Sivia Capital Partners LLC now owns 4,035 shares of the semiconductor manufacturer’s stock valued at $728,000 after purchasing an additional 170 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of Advanced Micro Devices by 9.8% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 10,898 shares of the semiconductor manufacturer’s stock valued at $1,967,000 after purchasing an additional 970 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its holdings in Advanced Micro Devices by 1.3% during the 1st quarter. SeaCrest Wealth Management LLC now owns 35,704 shares of the semiconductor manufacturer’s stock worth $6,444,000 after purchasing an additional 451 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Down 0.2 %

Shares of AMD stock traded down $0.41 during mid-day trading on Wednesday, reaching $163.90. The stock had a trading volume of 26,980,905 shares, compared to its average volume of 64,678,125. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $159.54 and its two-hundred day moving average price is $165.56. The firm has a market capitalization of $264.91 billion, a PE ratio of 241.03, a price-to-earnings-growth 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.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping 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 return on equity of 5.72% and a net margin of 4.89%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Mizuho reduced their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. TD Cowen increased their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. KeyCorp reduced their target price on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, Roth Mkm lowered their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.