CarsonAllaria Wealth Management Ltd. Invests $118,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

CarsonAllaria Wealth Management Ltd. purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 821 shares of the semiconductor manufacturer’s stock, valued at approximately $118,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Fisher Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 26.5% in the 4th quarter. Fisher Asset Management LLC now owns 19,956,550 shares of the semiconductor manufacturer’s stock valued at $2,871,748,000 after purchasing an additional 4,177,219 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Advanced Micro Devices by 81.8% in the 3rd quarter. Renaissance Technologies LLC now owns 6,857,326 shares of the semiconductor manufacturer’s stock valued at $705,619,000 after purchasing an additional 3,086,100 shares in the last quarter. Invesco Ltd. increased its stake in shares of Advanced Micro Devices by 21.4% in the 3rd quarter. Invesco Ltd. now owns 13,214,112 shares of the semiconductor manufacturer’s stock worth $1,359,733,000 after acquiring an additional 2,329,670 shares in the last quarter. Putnam Investments LLC boosted its holdings in shares of Advanced Micro Devices by 3,271.0% during the 3rd quarter. Putnam Investments LLC now owns 1,851,815 shares of the semiconductor manufacturer’s stock valued at $190,552,000 after acquiring an additional 1,796,882 shares during the last quarter. Finally, Clear Street LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $252,976,000. 69.61% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on AMD shares. Craig Hallum lowered their price target on Advanced Micro Devices from $160.00 to $130.00 in a research report on Wednesday, May 4th. Bank of America lifted their target price on Advanced Micro Devices from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 2nd. Jefferies Financial Group reduced their price target on shares of Advanced Micro Devices from $155.00 to $147.00 in a report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Advanced Micro Devices from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, April 20th. Finally, StockNews.com initiated coverage on shares of Advanced Micro Devices in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Twelve research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Buy” and a consensus price target of $140.59.

Shares of AMD stock traded down $0.86 during trading on Thursday, hitting $87.06. The company had a trading volume of 129,054,603 shares, compared to its average volume of 103,368,305. The firm has a market capitalization of $104.41 billion, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 0.78 and a beta of 1.87. Advanced Micro Devices, Inc. has a one year low of $72.50 and a one year high of $164.46. The stock’s 50-day moving average price is $102.05 and its 200 day moving average price is $122.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.56 and a current ratio of 2.40.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $1.13 EPS for the quarter, topping the consensus estimate of $0.91 by $0.22. The company had revenue of $5.89 billion for the quarter, compared to the consensus estimate of $5.57 billion. Advanced Micro Devices had a net margin of 17.98% and a return on equity of 20.66%. The firm’s revenue was up 70.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.98 earnings per share for the current fiscal year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 100,000 shares of the company’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $120.00, for a total transaction of $12,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rick Bergman sold 2,000 shares of the business’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $117.12, for a total transaction of $234,240.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,180 shares of company stock valued at $15,849,540. Company insiders own 1.00% of the company’s stock.

About Advanced Micro Devices (Get Rating)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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