Everpar Advisors LLC Purchases New Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Everpar Advisors LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,314 shares of the semiconductor manufacturer’s stock, valued at approximately $489,000.

A number of other institutional investors also recently bought and sold shares of AMD. Chase Investment Counsel Corp increased its stake in Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after acquiring an additional 87 shares during the last quarter. Washburn Capital Management Inc. acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $231,000. Pathway Financial Advisors LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $229,000. Independence Bank of Kentucky increased its stake in Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $1,759,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 181,850 shares of company stock valued at $34,637,833. Company insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Mizuho decreased their price objective on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Roth Mkm dropped their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday. Finally, New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $183.94.

Advanced Micro Devices Stock Down 0.9 %

Shares of NASDAQ AMD traded down $1.35 during mid-day trading on Tuesday, reaching $154.43. 37,302,953 shares of the company’s stock traded hands, compared to its average volume of 71,253,945. The stock has a market cap of $249.61 billion, a P/E ratio of 227.11, a PEG ratio of 2.33 and a beta of 1.66. The business has a 50-day simple moving average of $174.53 and a 200 day simple moving average of $153.23. Advanced Micro Devices, Inc. has a 1-year low of $89.17 and a 1-year high of $227.30. 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 released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

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.