EP Wealth Advisors LLC Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

EP Wealth Advisors LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 45,866 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,783 shares during the period. EP Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $8,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tradewinds Capital Management LLC grew its holdings in Advanced Micro Devices by 102.9% during 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. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $28,000. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Finally, Gables Capital Management Inc. acquired a new stake in Advanced Micro Devices during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of several recent analyst reports. HSBC raised 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 research note on Tuesday, April 16th. DZ Bank raised 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, May 7th. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Truist Financial decreased their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. Finally, KeyCorp decreased their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Four equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $194.97.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $1.67 during trading on Friday, reaching $139.99. The company’s stock had a trading volume of 48,502,224 shares, compared to its average volume of 63,544,176. The business has a 50 day moving average price of $163.61 and a 200-day moving average price of $168.15. The company has a market capitalization of $226.27 billion, a P/E ratio of 205.36, a price-to-earnings-growth ratio of 1.67 and a beta of 1.68. 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 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion for 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 company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.6 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.