West Paces Advisors Inc. Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

West Paces Advisors Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.2% in the 1st quarter, HoldingsChannel reports. The fund owned 1,330 shares of the semiconductor manufacturer’s stock after acquiring an additional 185 shares during the quarter. West Paces Advisors Inc.’s holdings in Advanced Micro Devices were worth $240,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Prentice Wealth Management LLC grew its holdings in Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares during the last quarter. Hoxton Planning & Management LLC boosted its stake in shares of Advanced Micro Devices by 7.1% during the first quarter. Hoxton Planning & Management LLC now owns 3,260 shares of the semiconductor manufacturer’s stock valued at $588,000 after acquiring an additional 215 shares during the last quarter. Retirement Planning Group LLC boosted its stake in shares of Advanced Micro Devices by 73.1% during the first quarter. Retirement Planning Group LLC now owns 6,367 shares of the semiconductor manufacturer’s stock valued at $1,149,000 after acquiring an additional 2,688 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Advanced Micro Devices by 35.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 31,497 shares of the semiconductor manufacturer’s stock valued at $5,685,000 after acquiring an additional 8,221 shares during the last quarter. Finally, Gilman Hill Asset Management LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at $208,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. UBS Group decreased their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Morgan Stanley lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective on the stock. in a research note on Monday, June 10th. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Tuesday, May 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Stock Down 1.7 %

AMD stock traded down $2.71 during midday trading on Wednesday, hitting $157.54. 36,871,758 shares of the company’s stock were exchanged, compared to its average volume of 65,479,848. 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, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The firm has a 50 day moving average price of $158.65 and a 200-day moving average price of $164.76. The stock has a market capitalization of $254.63 billion, a price-to-earnings ratio of 231.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company 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 business earned $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly 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 through the SEC website. 0.73% of the stock is owned by company insiders.

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.