FORVIS Wealth Advisors LLC Raises Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

FORVIS Wealth Advisors LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,029 shares of the semiconductor manufacturer’s stock after buying an additional 1,361 shares during the period. FORVIS Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Veracity Capital LLC increased its position in Advanced Micro Devices by 17.1% during the first quarter. Veracity Capital LLC now owns 4,822 shares of the semiconductor manufacturer’s stock worth $870,000 after buying an additional 703 shares during the period. Willis Johnson & Associates Inc. increased its holdings in shares of Advanced Micro Devices by 29.6% in the 1st quarter. Willis Johnson & Associates Inc. now owns 2,840 shares of the semiconductor manufacturer’s stock valued at $513,000 after acquiring an additional 648 shares during the period. Oak Harvest Investment Services raised its position in Advanced Micro Devices by 26.6% in the 1st quarter. Oak Harvest Investment Services now owns 15,880 shares of the semiconductor manufacturer’s stock valued at $2,866,000 after purchasing an additional 3,339 shares during the last quarter. Tempus Wealth Planning LLC boosted its stake in Advanced Micro Devices by 8.8% during the 1st quarter. Tempus Wealth Planning LLC now owns 3,275 shares of the semiconductor manufacturer’s stock worth $591,000 after purchasing an additional 265 shares during the period. Finally, First Trust Direct Indexing L.P. grew its position in Advanced Micro Devices by 18.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 39,553 shares of the semiconductor manufacturer’s stock worth $7,139,000 after purchasing an additional 6,123 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 shares were 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 in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $0.41 during mid-day trading on Thursday, hitting $163.90. 26,980,906 shares of the company’s stock traded hands, compared to its average volume of 48,034,668. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a market cap of $264.91 billion, a PE ratio of 241.03, a price-to-earnings-growth ratio of 1.90 and a beta of 1.68. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The firm’s 50 day simple moving average is $159.78 and its 200 day simple moving average is $165.55.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the company posted $0.43 EPS. The company’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMD shares. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Jefferies Financial Group started coverage on Advanced Micro Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. Roth Mkm cut their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Tuesday, May 7th. Finally, KeyCorp cut their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. One equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

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.