Founders Financial Securities LLC Buys 267 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Founders Financial Securities LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,005 shares of the semiconductor manufacturer’s stock after purchasing an additional 267 shares during the period. Founders Financial Securities LLC’s holdings in Advanced Micro Devices were worth $542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Bare Financial Services Inc bought a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $29,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on AMD shares. UBS Group lowered their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Piper Sandler restated an “overweight” rating and set a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. HSBC raised shares of 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 report on Tuesday, April 16th. Roth Mkm cut 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 note on Wednesday, May 1st. Finally, TD Cowen raised their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One research 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’s stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

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 Monday, April 15th. The stock was sold at an average price of $164.25, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Up 1.7 %

NASDAQ:AMD traded up $2.74 on Friday, hitting $162.21. The stock had a trading volume of 56,204,617 shares, compared to its average volume of 48,393,012. The company has a fifty day moving average price of $159.12 and a two-hundred day moving average price of $165.05. The stock has a market cap of $262.18 billion, a price-to-earnings ratio of 238.54, a PEG ratio of 1.87 and a beta of 1.69. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its 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. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm posted $0.43 earnings per share. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts expect 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.