West Family Investments Inc. Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

West Family Investments Inc. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 51.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,652 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,921 shares during the quarter. West Family Investments Inc.’s holdings in Advanced Micro Devices were worth $618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMD. MBM Wealth Consultants LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $25,000. Cordasco Financial Network grew its stake in Advanced Micro Devices by 287.5% in the 1st quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 207 shares during the period. AlphaCentric Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $32,000. Hazlett Burt & Watson Inc. acquired a new stake in Advanced Micro Devices in the 1st quarter valued at $32,000. Finally, Sycomore Asset Management acquired a new stake in Advanced Micro Devices during the 1st quarter worth $32,000. 65.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the sale, the executive vice president now owns 37,800 shares of the company’s stock, valued at approximately $2,910,222. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Paul Darren Grasby sold 32,694 shares of Advanced Micro Devices stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the transaction, the executive vice president now owns 37,800 shares in the company, valued at $2,910,222. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Forrest Eugene Norrod sold 824 shares of Advanced Micro Devices stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $99.31, for a total value of $81,831.44. Following the transaction, the senior vice president now owns 276,816 shares in the company, valued at approximately $27,490,596.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 161,518 shares of company stock worth $15,378,613. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on AMD. Mizuho reduced their price target on Advanced Micro Devices from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Barclays lowered their price objective on Advanced Micro Devices from $115.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, July 11th. Wedbush reissued an “outperform” rating and set a $165.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, June 8th. Finally, Citigroup lowered their price target on Advanced Micro Devices from $110.00 to $96.00 and set a “neutral” rating for the company in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.80.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $82.78 on Friday. The company has a market cap of $133.63 billion, a P/E ratio of 34.78, a PEG ratio of 0.72 and a beta of 1.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.44. Advanced Micro Devices, Inc. has a one year low of $71.60 and a one year high of $164.46. The business’s 50-day simple moving average is $88.65 and its 200 day simple moving average is $95.86.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.52 billion. During the same quarter last year, the business earned $0.58 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

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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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