Apollon Wealth Management LLC Purchases 26,602 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Apollon Wealth Management LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 86.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,424 shares of the semiconductor manufacturer’s stock after purchasing an additional 26,602 shares during the period. Apollon Wealth Management LLC’s holdings in Advanced Micro Devices were worth $8,465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brown Advisory Inc. increased its holdings in Advanced Micro Devices by 22.9% in the 3rd quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock worth $2,827,000 after acquiring an additional 5,123 shares in the last quarter. Everhart Financial Group Inc. lifted its stake in shares of Advanced Micro Devices by 3.9% during the 3rd quarter. Everhart Financial Group Inc. now owns 8,357 shares of the semiconductor manufacturer’s stock valued at $859,000 after buying an additional 310 shares in the last quarter. Hixon Zuercher LLC increased its stake in Advanced Micro Devices by 1.1% in the 3rd quarter. Hixon Zuercher LLC now owns 28,374 shares of the semiconductor manufacturer’s stock worth $2,917,000 after buying an additional 302 shares in the last quarter. JB Capital LLC bought a new stake in Advanced Micro Devices during the third quarter valued at about $2,872,000. Finally, Verdence Capital Advisors LLC lifted its position in shares of Advanced Micro Devices by 50.9% in the third quarter. Verdence Capital Advisors LLC now owns 7,885 shares of the semiconductor manufacturer’s stock valued at $811,000 after acquiring an additional 2,660 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AMD. Citigroup lowered their price target on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Evercore ISI cut their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research note on Monday, January 8th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Wells Fargo & Company boosted their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $183.94.

Advanced Micro Devices Trading Down 0.9 %

Advanced Micro Devices stock traded down $1.35 during mid-day trading on Tuesday, hitting $154.43. The company’s stock had a trading volume of 37,302,953 shares, compared to its average volume of 71,253,945. Advanced Micro Devices, Inc. has a one year low of $89.17 and a one year high of $227.30. The stock has a market cap of $249.61 billion, a PE ratio of 230.46, a P/E/G ratio of 2.33 and a beta of 1.66. The company has a 50 day moving average of $175.00 and a 200-day moving average of $152.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold 181,850 shares of company stock worth $34,637,833 in the last ninety days. 0.65% of the stock is owned by company 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.