Stratos Wealth Partners LTD. Buys 410 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stratos Wealth Partners LTD. lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,695 shares of the semiconductor manufacturer’s stock after acquiring an additional 410 shares during the period. Stratos Wealth Partners LTD.’s holdings in Advanced Micro Devices were worth $2,567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hartford Financial Management Inc. boosted its stake in shares of Advanced Micro Devices by 250.0% in the first quarter. Hartford Financial Management Inc. now owns 350 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 250 shares during the period. McCarthy Asset Management Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $28,000. Tsfg LLC boosted its stake in shares of Advanced Micro Devices by 65.8% in the fourth quarter. Tsfg LLC now owns 315 shares of the semiconductor manufacturer’s stock worth $29,000 after acquiring an additional 125 shares during the period. Oder Investment Management LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $30,000. Finally, Sittner & Nelson LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $32,000. 67.01% of the stock is owned by hedge funds and other institutional investors.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 81,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $84.02, for a total transaction of $6,847,630.00. Following the completion of the transaction, the senior vice president now owns 377,260 shares in the company, valued at approximately $31,697,385.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 55,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $80.54, for a total value of $4,429,700.00. Following the transaction, the executive vice president now owns 1,264,795 shares of the company’s stock, valued at approximately $101,866,589.30. The disclosure for this sale can be found here. Insiders have sold a total of 217,683 shares of company stock valued at $18,123,494 in the last quarter. Company insiders own 1.20% of the company’s stock.

Shares of AMD stock opened at $78.55 on Tuesday. The firm has a market capitalization of $95.44 billion, a price-to-earnings ratio of 106.15, a price-to-earnings-growth ratio of 1.14 and a beta of 2.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.28 and a quick ratio of 1.74. The business has a fifty day moving average of $80.80 and a 200 day moving average of $85.85. Advanced Micro Devices, Inc. has a 1 year low of $48.42 and a 1 year high of $99.23.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.08. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.20 billion. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. The firm’s quarterly revenue was up 92.9% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 1.01 earnings per share for the current year.

AMD has been the topic of a number of research analyst reports. Susquehanna boosted their target price on Advanced Micro Devices from $115.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, April 28th. Craig Hallum boosted their target price on Advanced Micro Devices from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, January 27th. Barclays boosted their target price on Advanced Micro Devices from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 27th. Raymond James upped their price objective on Advanced Micro Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Finally, Summit Insights downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, April 28th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty have issued a buy rating to the company’s stock. Advanced Micro Devices presently has a consensus rating of “Buy” and a consensus target price of $96.63.

Advanced Micro Devices Company Profile

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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