Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by CV Advisors LLC

CV Advisors LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 817.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,245 shares of the semiconductor manufacturer’s stock after purchasing an additional 13,583 shares during the quarter. Advanced Micro Devices comprises 1.6% of CV Advisors LLC’s holdings, making the stock its 9th biggest position. CV Advisors LLC’s holdings in Advanced Micro Devices were worth $2,752,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMD. Addison Advisors LLC lifted its position in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 62 shares during the last quarter. Prentice Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 1.6% during the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after acquiring an additional 62 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 0.9% during the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after buying an additional 63 shares in the last quarter. Schear Investment Advisers LLC boosted its holdings in Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after buying an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC lifted its holdings in shares of Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded up $6.86 during mid-day trading on Wednesday, hitting $183.96. 90,102,055 shares of the company traded hands, compared to its average volume of 64,654,773. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The stock’s fifty day moving average price is $161.81 and its 200-day moving average price is $166.82. The firm has a market cap of $297.34 billion, a price-to-earnings ratio of 270.53, a price-to-earnings-growth ratio of 2.07 and a beta of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) 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 analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company earned $0.43 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. Piper Sandler reissued an “overweight” rating and set a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Jefferies Financial Group started coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 price objective on the stock. Truist Financial reduced their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. Cantor Fitzgerald reduced their price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.50.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’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 transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.65% of the company’s stock.

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.