White Wing Wealth Management Acquires New Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

White Wing Wealth Management acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, Holdings Channel reports. The firm acquired 1,207 shares of the semiconductor manufacturer’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMD. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth about $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices during the 4th quarter worth about $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. MeadowBrook Investment Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at about $29,000. Finally, Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter valued at about $29,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMD. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Tuesday, May 7th. Mizuho dropped their price target on shares of 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. Wedbush reiterated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $190.83.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices 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 completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded up $2.74 during trading hours 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. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm has a market capitalization of $262.18 billion, a price-to-earnings ratio of 238.54, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a 50 day simple moving average of $159.12 and a two-hundred day simple moving average of $165.24.

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 analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.43 EPS. Research analysts forecast 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.