180 Wealth Advisors LLC Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

180 Wealth Advisors LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,597 shares of the semiconductor manufacturer’s stock after acquiring an additional 306 shares during the period. 180 Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $28,000. Bare Financial Services Inc purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of several research reports. Truist Financial dropped their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday, June 15th. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Tuesday, May 7th. UBS Group lowered their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

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 dated 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 transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $1.93 during trading on Thursday, reaching $159.47. 33,972,627 shares of the company’s stock traded hands, compared to its average volume of 65,224,184. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a 50 day moving average of $158.72 and a 200-day moving average of $164.71. The stock has a market capitalization of $257.75 billion, a P/E ratio of 231.96, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating 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 the consensus estimate of $5.48 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

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.