MinichMacGregor Wealth Management LLC Buys 555 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

MinichMacGregor Wealth Management LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 26.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,680 shares of the semiconductor manufacturer’s stock after purchasing an additional 555 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Advanced Micro Devices were worth $395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMD. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $29,000. Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $29,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Addison Advisors LLC boosted its holdings in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,850 shares of company stock worth $34,637,833. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Up 1.7 %

NASDAQ AMD traded up $2.60 during mid-day trading on Tuesday, reaching $153.16. The stock had a trading volume of 31,720,682 shares, compared to its average volume of 69,134,906. The stock has a market cap of $247.55 billion, a PE ratio of 225.24, a price-to-earnings-growth ratio of 2.35 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company has a fifty day moving average price of $171.16 and a 200 day moving average price of $154.76.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results 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. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMD shares. Roth Mkm lowered their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Bank of America increased their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.26.

Check Out Our Latest Stock Analysis on Advanced Micro Devices

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.

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

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