Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Retirement Planning Group LLC

Retirement Planning Group LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 73.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,367 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,688 shares during the quarter. Retirement Planning Group LLC’s holdings in Advanced Micro Devices were worth $1,149,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after purchasing an additional 2,390,558 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after buying an additional 600,638 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after buying an additional 2,553,392 shares during the period. Jennison Associates LLC grew its holdings in Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after buying an additional 1,490,997 shares in the last quarter. Finally, Norges Bank bought a new stake in Advanced Micro Devices during the 4th quarter valued at $3,426,529,000. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock remained flat at $160.25 on Tuesday. The stock had a trading volume of 40,591,208 shares, compared to its average volume of 65,711,313. The firm’s 50 day moving average price is $158.71 and its 200 day moving average price is $164.54. The company has a market capitalization of $259.01 billion, a PE ratio of 232.67, a PEG ratio of 1.86 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $5.48 billion. During the same period in the prior year, the business posted $0.43 earnings per share. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. TD Cowen upped their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a report on Monday, May 13th. They issued a “buy” rating and a $190.00 price target on the stock. Mizuho cut their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley cut Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock. in a research note on Monday, June 10th. Finally, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $190.83.

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.