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

HighPoint Advisor Group LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 34,697 shares of the semiconductor manufacturer’s stock, valued at approximately $5,115,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMD. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices during the third quarter valued at approximately $27,000. Northwest Bank & Trust Co purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth $28,000. Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the fourth quarter valued at $29,000. MeadowBrook Investment Advisors LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $29,000. Finally, Gables Capital Management Inc. purchased a new position in Advanced Micro Devices during the fourth quarter worth about $29,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 1.6 %

Shares of NASDAQ AMD traded down $2.46 during trading on Tuesday, reaching $155.94. The company had a trading volume of 7,137,327 shares, compared to its average volume of 65,516,625. The business’s 50-day moving average is $159.50 and its 200 day moving average is $163.20. 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 stock has a market cap of $252.05 billion, a PE ratio of 230.05, a P/E/G ratio of 1.85 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its earnings results 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 business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $0.43 earnings per share. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices 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 in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group reduced their target price 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. Wedbush reiterated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Benchmark cut their target price on 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. Finally, HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $190.83.

View Our Latest Stock Report on AMD

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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