Sound Income Strategies LLC Acquires 317 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sound Income Strategies LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 54.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 899 shares of the semiconductor manufacturer’s stock after purchasing an additional 317 shares during the quarter. Sound Income Strategies LLC’s holdings in Advanced Micro Devices were worth $146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter worth $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock valued at $685,089,000 after purchasing an additional 4,138,612 shares during the period. Capital World Investors raised its position in shares of Advanced Micro Devices by 176.9% in the 4th quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after acquiring an additional 2,982,704 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 acquiring an additional 2,553,392 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Advanced Micro Devices by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after acquiring an additional 2,390,558 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMD. Robert W. Baird lowered their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Evercore ISI lowered their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. KeyCorp dropped their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Finally, DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Insider Buying and Selling

In other Advanced Micro Devices 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 value of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD traded down $2.05 on Friday, hitting $134.27. The company’s stock had a trading volume of 40,582,992 shares, compared to its average volume of 63,924,113. The company has a 50 day moving average price of $156.96 and a 200 day moving average price of $166.63. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a market capitalization of $217.02 billion, a PE ratio of 197.46, a PEG ratio of 1.79 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 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.