McLean Asset Management Corp Acquires Shares of 1,337 Advanced Micro Devices, Inc. (NASDAQ:AMD)

McLean Asset Management Corp acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,337 shares of the semiconductor manufacturer’s stock, valued at approximately $228,000.

A number of other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of Advanced Micro Devices by 3.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 845,447 shares of the semiconductor manufacturer’s stock valued at $86,929,000 after purchasing an additional 26,946 shares during the period. Rathbones Group PLC lifted its stake in shares of Advanced Micro Devices by 121.5% in the 3rd quarter. Rathbones Group PLC now owns 19,990 shares of the semiconductor manufacturer’s stock valued at $2,055,000 after purchasing an additional 10,965 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Advanced Micro Devices by 81.4% in the 3rd quarter. Acadian Asset Management LLC now owns 50,952 shares of the semiconductor manufacturer’s stock valued at $5,235,000 after purchasing an additional 22,857 shares during the period. DigitalBridge Group Inc. acquired a new stake in Advanced Micro Devices during the 3rd quarter worth $8,942,000. Finally, Motley Fool Asset Management LLC raised its stake in Advanced Micro Devices by 9.7% during the 3rd quarter. Motley Fool Asset Management LLC now owns 41,483 shares of the semiconductor manufacturer’s stock worth $4,265,000 after buying an additional 3,685 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $0.55 during midday trading on Friday, reaching $161.23. 61,294,048 shares of the company’s stock were exchanged, compared to its average volume of 66,089,180. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The firm has a market cap of $260.60 billion, a price-to-earnings ratio of 237.10, a P/E/G ratio of 1.79 and a beta of 1.69. The stock’s 50-day simple moving average is $158.71 and its 200 day simple moving average is $163.66.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $5.47 billion during 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%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the topic of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Evercore ISI dropped their price objective on 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. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday, June 15th. Truist Financial dropped their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. Finally, UBS Group dropped their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

Check Out Our Latest Research Report on Advanced Micro Devices

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.

Read More

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.