Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Reduced by Opinicus Capital Inc.

Opinicus Capital Inc. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,910 shares of the semiconductor manufacturer’s stock after selling 982 shares during the quarter. Opinicus Capital Inc.’s holdings in Advanced Micro Devices were worth $1,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. lifted its position in shares of Advanced Micro Devices by 21.0% in the third quarter. Mather Group LLC. now owns 9,887 shares of the semiconductor manufacturer’s stock worth $1,017,000 after buying an additional 1,717 shares during the last quarter. Valley National Advisers Inc. lifted its position in shares of Advanced Micro Devices by 30.0% in the third quarter. Valley National Advisers Inc. now owns 958 shares of the semiconductor manufacturer’s stock worth $99,000 after buying an additional 221 shares during the last quarter. Bamco Inc. NY lifted its position in shares of Advanced Micro Devices by 0.4% in the third quarter. Bamco Inc. NY now owns 208,910 shares of the semiconductor manufacturer’s stock worth $21,480,000 after buying an additional 792 shares during the last quarter. Morningstar Investment Services LLC acquired a new stake in shares of Advanced Micro Devices in the third quarter worth about $214,000. Finally, CWA Asset Management Group LLC lifted its position in shares of Advanced Micro Devices by 17.9% in the third quarter. CWA Asset Management Group LLC now owns 5,663 shares of the semiconductor manufacturer’s stock worth $582,000 after buying an additional 858 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Susquehanna boosted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 10th. Roth Mkm cut 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. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Mizuho cut their price objective on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Morgan Stanley cut Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target for the company. in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Advanced Micro Devices Stock Up 1.7 %

Shares of Advanced Micro Devices stock traded up $2.74 during trading on Friday, reaching $162.21. The stock had a trading volume of 56,204,617 shares, compared to its average volume of 48,393,012. The company has a market capitalization of $262.18 billion, a price-to-earnings ratio of 238.55, a P/E/G ratio of 1.84 and a beta of 1.69. The stock has a fifty day moving average price of $159.12 and a two-hundred day moving average price of $164.86. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. 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 (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.73% of the company’s stock.

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.