Hexagon Capital Partners LLC Purchases 147 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hexagon Capital Partners LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,778 shares of the semiconductor manufacturer’s stock after purchasing an additional 147 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Advanced Micro Devices were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of 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 worth $20,997,873,000 after buying an additional 2,390,558 shares during the period. Fisher Asset Management LLC grew its position in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock worth $4,181,849,000 after buying an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Advanced Micro Devices by 10.2% during the 4th 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 position in shares of Advanced Micro Devices by 5.9% during 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 during the period. Finally, Norges Bank acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $3,426,529,000. 71.34% of the stock is owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction 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 completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $4.52 during mid-day trading on Monday, hitting $157.69. 50,374,111 shares of the company’s stock traded hands, compared to its average volume of 65,033,785. The firm has a 50 day simple moving average of $159.12 and a two-hundred day simple moving average of $165.24. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The stock has a market cap of $254.88 billion, a price-to-earnings ratio of 231.08, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of several analyst reports. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $190.00 price objective for the company. Evercore ISI decreased their price objective on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report 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 for the company. in a research report on Monday, June 10th. Finally, Truist Financial decreased their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. One investment 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, the stock currently has an average rating of “Moderate Buy” and an average target price 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.