HighPoint Advisor Group LLC Acquires Shares of 34,697 Advanced Micro Devices, Inc. (NASDAQ:AMD)

HighPoint Advisor Group LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,697 shares of the semiconductor manufacturer’s stock, valued at approximately $5,115,000.

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

Advanced Micro Devices Trading Down 1.6 %

AMD stock traded down $2.46 during midday trading on Tuesday, reaching $155.94. The stock had a trading volume of 7,137,327 shares, compared to its average volume of 65,516,625. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The firm has a market cap of $252.05 billion, a price-to-earnings ratio of 230.05, a PEG ratio of 1.85 and a beta of 1.69. The business has a fifty day simple moving average of $159.50 and a two-hundred day simple moving average of $163.20.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. Benchmark reduced their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Barclays upped their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Morgan Stanley cut 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. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Citigroup cut their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

Read Our Latest Research Report on Advanced Micro Devices

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Profile

(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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