FORVIS Wealth Advisors LLC Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

FORVIS Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,029 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,361 shares during the quarter. FORVIS Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $908,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Chase Investment Counsel Corp grew its holdings in shares of Advanced Micro Devices by 0.7% in the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $231,000. Pathway Financial Advisors LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $229,000. Independence Bank of Kentucky grew its position in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC increased its stake in Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after acquiring an additional 7,235 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $0.41 on Thursday, hitting $163.90. 26,980,906 shares of the company’s stock traded hands, compared to its average volume of 48,034,668. The firm’s 50-day moving average price is $159.78 and its two-hundred day moving average price is $165.55. The firm has a market capitalization of $264.91 billion, a PE ratio of 241.03, a P/E/G ratio of 1.90 and a beta of 1.68. 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 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AMD shares. Susquehanna increased their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 10th. Morgan Stanley downgraded shares of 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 note on Monday, June 10th. Roth Mkm dropped their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Benchmark reduced their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Finally, Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.65% of the stock is owned by corporate insiders.

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.