1,616 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Abel Hall LLC

Abel Hall LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,616 shares of the semiconductor manufacturer’s stock, valued at approximately $238,000.

A number of other institutional investors also recently bought and sold shares of the stock. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the third quarter worth about $27,000. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Gables Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were 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 directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $0.27 on Friday, reaching $159.63. The company’s stock had a trading volume of 34,054,023 shares, compared to its average volume of 51,510,504. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a market cap of $258.01 billion, a P/E ratio of 234.75, a PEG ratio of 1.84 and a beta of 1.69. The company has a 50-day simple moving average of $159.73 and a 200 day simple moving average of $162.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the company posted $0.43 EPS. The business’s revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMD. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday. Susquehanna increased their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 10th. TD Cowen increased their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Evercore ISI dropped their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Finally, Cantor Fitzgerald dropped their target price on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. One research 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Profile

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.