675 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by EdgeRock Capital LLC

EdgeRock Capital LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 675 shares of the semiconductor manufacturer’s stock, valued at approximately $100,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new position in Advanced Micro Devices during the 3rd quarter worth $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices during the 3rd quarter worth $27,000. Bare Financial Services Inc acquired a new position in Advanced Micro Devices during the 4th quarter worth $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth $29,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.9 %

AMD traded down $1.35 during trading on Tuesday, reaching $154.43. The company had a trading volume of 37,302,953 shares, compared to its average volume of 71,253,945. 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, Inc. has a 12 month low of $89.17 and a 12 month high of $227.30. The business’s fifty day moving average price is $174.53 and its 200 day moving average price is $153.23. The company 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.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, 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. Insiders sold 181,850 shares of company stock valued at $34,637,833 over the last quarter. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMD. Mizuho reduced their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Bank of America boosted their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Piper Sandler reissued an “overweight” rating and set a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $183.94.

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.