Meeder Advisory Services Inc. Has $4.61 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Meeder Advisory Services Inc. raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 34.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,404 shares of the semiconductor manufacturer’s stock after purchasing an additional 7,334 shares during the period. Meeder Advisory Services Inc.’s holdings in Advanced Micro Devices were worth $4,607,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Tradewinds Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares during the period. Semmax Financial Advisors Inc. lifted its position in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares during the period. Valued Wealth Advisors LLC boosted its stake in shares of Advanced Micro Devices by 70.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 70 shares during the last quarter. Morton Brown Family Wealth LLC boosted its stake in shares of Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the last quarter. Finally, Chelsea Counsel Co. bought a new position in Advanced Micro Devices during the first quarter worth $34,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 0.6 %

AMD stock opened at $150.77 on Friday. The stock’s fifty day simple moving average is $149.95 and its two-hundred day simple moving average is $162.16. The company has a current ratio of 2.82, a quick ratio of 2.01 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. The stock has a market cap of $243.69 billion, a P/E ratio of 221.72, a P/E/G ratio of 1.83 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMD. TD Cowen reaffirmed a “buy” rating and set a $210.00 price target on shares of Advanced Micro Devices in a research report on Monday, August 19th. Morgan Stanley upped their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Barclays dropped their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Truist Financial dropped their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

About Advanced Micro Devices

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.