3,000 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Deltec Asset Management LLC

Deltec Asset Management LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,000 shares of the semiconductor manufacturer’s stock, valued at approximately $541,000.

Several other institutional investors have also modified their holdings of AMD. Trilogy Capital Inc. acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $398,000. Red Door Wealth Management LLC acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $203,000. Gradient Capital Advisors LLC raised its stake in Advanced Micro Devices by 5.4% during the first quarter. Gradient Capital Advisors LLC now owns 9,075 shares of the semiconductor manufacturer’s stock valued at $1,638,000 after buying an additional 461 shares in the last quarter. Cornerstone Wealth Group LLC raised its stake in Advanced Micro Devices by 6.8% during the first quarter. Cornerstone Wealth Group LLC now owns 24,635 shares of the semiconductor manufacturer’s stock valued at $4,446,000 after buying an additional 1,569 shares in the last quarter. Finally, Richardson Capital Management LLC acquired a new stake in Advanced Micro Devices during the first quarter valued at approximately $103,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMD. TD Cowen upped their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. UBS Group dropped their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Truist Financial dropped their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. KeyCorp dropped their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, Barclays increased their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $190.83.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now 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 is available through this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded up $2.74 on Friday, reaching $162.21. 56,204,617 shares of the company traded hands, compared to its average volume of 48,393,012. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company’s 50 day moving average is $159.12 and its 200-day moving average is $165.24. The stock has a market capitalization of $262.18 billion, a PE ratio of 238.54, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

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.