General Partner Inc. Has $344,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

General Partner Inc. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,906 shares of the semiconductor manufacturer’s stock after purchasing an additional 134 shares during the quarter. General Partner Inc.’s holdings in Advanced Micro Devices were worth $344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Advanced Micro Devices by 0.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 281,638 shares of the semiconductor manufacturer’s stock worth $28,958,000 after acquiring an additional 988 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Advanced Micro Devices by 40.8% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 6,914 shares of the semiconductor manufacturer’s stock worth $711,000 after acquiring an additional 2,002 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Advanced Micro Devices by 10.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 87,650 shares of the semiconductor manufacturer’s stock worth $9,012,000 after acquiring an additional 8,212 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $13,336,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $7,718,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $4.05 on Tuesday, reaching $154.35. The stock had a trading volume of 25,968,217 shares, compared to its average volume of 65,677,578. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a market cap of $249.48 billion, a P/E ratio of 227.67, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $159.50 and its two-hundred day moving average is $163.20.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Wall Street Analyst Weigh In

AMD has been the subject of several recent analyst reports. KeyCorp reduced their target price on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Truist Financial reduced their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Finally, Evercore ISI reduced their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

View Our Latest Report on AMD

About Advanced Micro Devices

(Free Report)

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.

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

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