Left Brain Wealth Management LLC Has $1.13 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Left Brain Wealth Management LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,634 shares of the semiconductor manufacturer’s stock after purchasing an additional 133 shares during the period. Left Brain Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,125,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chase Investment Counsel Corp boosted its stake in shares of Advanced Micro Devices by 0.7% in the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $231,000. Pathway Financial Advisors LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $229,000. Independence Bank of Kentucky raised its holdings in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after buying an additional 1,677 shares during the last quarter. Finally, Fortis Capital Advisors LLC raised its holdings in shares of Advanced Micro Devices by 137.8% in the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after buying an additional 7,235 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Mizuho cut their price target on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Citigroup dropped their price objective on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. TD Cowen boosted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Finally, StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Friday. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.68.

Check Out Our Latest Report on AMD

Advanced Micro Devices Stock Down 0.9 %

Shares of AMD traded down $1.44 on Tuesday, hitting $158.90. The company’s stock had a trading volume of 26,195,486 shares, compared to its average volume of 66,720,328. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $160.87 and its 200-day moving average price is $161.90. The firm has a market capitalization of $256.83 billion, a price-to-earnings ratio of 233.49, a P/E/G ratio of 1.93 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released 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 return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm posted $0.43 EPS. The business’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the 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 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 disclosure for this sale can be found here. Insiders sold a total of 157,400 shares of company stock valued at $30,077,126 in the last quarter. 0.65% of the stock is currently owned by insiders.

Advanced Micro Devices Company 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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