Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Boosted by Moseley Investment Management Inc.

Moseley Investment Management Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,381 shares of the semiconductor manufacturer’s stock after acquiring an additional 201 shares during the period. Advanced Micro Devices comprises approximately 1.0% of Moseley Investment Management Inc.’s portfolio, making the stock its 21st biggest holding. Moseley Investment Management Inc.’s holdings in Advanced Micro Devices were worth $2,054,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Duncan Williams Asset Management LLC bought a new position in Advanced Micro Devices during the first quarter valued at about $539,000. ST Germain D J Co. Inc. raised its stake in shares of Advanced Micro Devices by 0.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 46,499 shares of the semiconductor manufacturer’s stock valued at $8,393,000 after acquiring an additional 150 shares in the last quarter. McAlister Sweet & Associates Inc. acquired a new stake in Advanced Micro Devices in the 1st quarter worth approximately $218,000. Modus Advisors LLC bought a new stake in Advanced Micro Devices during the first quarter worth approximately $263,000. Finally, General Partner Inc. grew its holdings in Advanced Micro Devices by 7.6% during the first quarter. General Partner Inc. now owns 1,906 shares of the semiconductor manufacturer’s stock valued at $344,000 after purchasing an additional 134 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Susquehanna lifted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 10th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Finally, Citigroup lowered their price objective on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

View Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Trading Down 2.4 %

AMD opened at $154.63 on Wednesday. The firm’s fifty day simple moving average is $159.18 and its 200 day simple moving average is $163.44. The stock has a market capitalization of $249.93 billion, a P/E ratio of 227.40, a P/E/G ratio of 1.83 and a beta of 1.69. The company has a current ratio of 2.64, a quick ratio of 1.92 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:AMDGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Advanced Micro Devices Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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