Annex Advisory Services LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Annex Advisory Services LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the 1st quarter, Holdings Channel reports. The firm acquired 1,113 shares of the semiconductor manufacturer’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its holdings in Advanced Micro Devices by 9.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 91,513 shares of the semiconductor manufacturer’s stock worth $9,409,000 after acquiring an additional 7,547 shares during the last quarter. Numerai GP LLC bought a new position in Advanced Micro Devices in the 3rd quarter worth approximately $508,000. Mutual Advisors LLC grew its position in shares of Advanced Micro Devices by 7.7% in the third quarter. Mutual Advisors LLC now owns 40,782 shares of the semiconductor manufacturer’s stock valued at $4,193,000 after purchasing an additional 2,905 shares in the last quarter. Mather Group LLC. grew its holdings in Advanced Micro Devices by 21.0% during the 3rd quarter. Mather Group LLC. now owns 9,887 shares of the semiconductor manufacturer’s stock valued at $1,017,000 after buying an additional 1,717 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in Advanced Micro Devices by 37.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 516,866 shares of the semiconductor manufacturer’s stock worth $53,144,000 after acquiring an additional 141,324 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald lowered their target price on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Citigroup decreased their target price 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. Susquehanna increased their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 10th. TD Cowen lifted their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Read Our Latest Analysis on Advanced Micro Devices

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock traded down $1.06 during midday trading on Tuesday, reaching $159.19. 25,886,724 shares of the company’s stock traded hands, compared to its average volume of 65,586,711. 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 52-week low of $93.11 and a 52-week high of $227.30. The stock has a market cap of $257.30 billion, a P/E ratio of 232.67, a PEG ratio of 1.86 and a beta of 1.69. The stock’s 50-day moving average is $158.71 and its 200 day moving average is $164.54.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm 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%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Advanced Micro Devices Company 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.

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

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