Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,005 shares of the semiconductor manufacturer’s stock after buying an additional 267 shares during the quarter. Founders Financial Securities LLC’s holdings in Advanced Micro Devices were worth $542,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMD. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices during the third quarter worth approximately $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $28,000. Bare Financial Services Inc acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. Finally, Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.7 %

Shares of AMD traded up $2.74 during mid-day trading on Friday, reaching $162.21. The company’s stock had a trading volume of 56,204,617 shares, compared to its average volume of 48,393,012. The company has a market cap of $262.18 billion, a price-to-earnings ratio of 238.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The business has a fifty day moving average of $159.12 and a 200 day moving average of $165.05. 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 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) 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 the consensus estimate of $5.48 billion. During the same period in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on AMD. Benchmark cut their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Piper Sandler reissued an “overweight” rating and set a $175.00 price target (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Barclays lifted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Evercore ISI dropped their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Susquehanna boosted their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10th. One 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.83.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Company 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.