Horizon Wealth Management LLC Acquires Shares of 1,143 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Horizon Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,143 shares of the semiconductor manufacturer’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Addison Advisors LLC raised its stake in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares in the last quarter. Prentice Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after acquiring an additional 62 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after acquiring an additional 63 shares during the period. Schear Investment Advisers LLC grew its holdings in shares of Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares during the period. Finally, Fiduciary Group LLC grew its holdings in shares of Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 65 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Mizuho lowered their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Cantor Fitzgerald lowered their target price on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a report on Monday, May 13th. They set a “buy” rating and a $190.00 target price on the stock. Susquehanna increased their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 10th. Finally, Morgan Stanley cut Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective on the stock. in a report on Monday, June 10th. One investment 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s 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 owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock traded down $4.73 during midday trading on Monday, reaching $157.48. The company had a trading volume of 37,939,461 shares, compared to its average volume of 64,934,441. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $159.12 and a 200 day moving average price 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 firm has a market capitalization of $254.54 billion, a PE ratio of 230.59, a P/E/G ratio of 1.87 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current 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.