Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 582 shares of the semiconductor manufacturer’s stock after purchasing an additional 76 shares during the quarter. Sound Income Strategies LLC’s holdings in Advanced Micro Devices were worth $105,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AMD. Norges Bank purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Advanced Micro Devices by 813.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock worth $685,089,000 after acquiring an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC raised its position in Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after acquiring an additional 3,714,069 shares during the period. Capital World Investors lifted its holdings in Advanced Micro Devices by 176.9% during the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock valued at $688,190,000 after purchasing an additional 2,982,704 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMD shares. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Benchmark dropped their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. KeyCorp reduced their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday, June 15th. Finally, Barclays increased their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Stock Down 1.7 %

Shares of AMD traded down $2.71 during mid-day trading on Wednesday, hitting $157.54. 36,913,476 shares of the company’s stock were exchanged, compared to its average volume of 65,479,848. 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 company has a market cap of $254.63 billion, a price-to-earnings ratio of 231.68, a P/E/G ratio of 1.85 and a beta of 1.69. The stock’s 50-day moving average is $158.65 and its 200-day moving average is $164.76. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during 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 was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

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.