Oak Thistle LLC Invests $474,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Oak Thistle LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 2,626 shares of the semiconductor manufacturer’s stock, valued at approximately $474,000.

Other institutional investors also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its position in shares of Advanced Micro Devices by 5.6% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,778 shares of the semiconductor manufacturer’s stock valued at $501,000 after purchasing an additional 147 shares during the period. Consilio Wealth Advisors LLC lifted its stake in Advanced Micro Devices by 10.0% in the 1st quarter. Consilio Wealth Advisors LLC now owns 1,676 shares of the semiconductor manufacturer’s stock valued at $303,000 after acquiring an additional 152 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in Advanced Micro Devices by 1.8% in the 1st quarter. Miracle Mile Advisors LLC now owns 27,346 shares of the semiconductor manufacturer’s stock valued at $4,936,000 after acquiring an additional 473 shares in the last quarter. Kowal Investment Group LLC bought a new stake in Advanced Micro Devices in the 1st quarter valued at approximately $200,000. Finally, Horizon Wealth Management LLC bought a new stake in Advanced Micro Devices in the 1st quarter valued at approximately $206,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Down 2.8 %

Advanced Micro Devices stock traded down $4.52 during trading on Monday, hitting $157.69. 50,374,111 shares of the company were exchanged, compared to its average volume of 65,033,785. The business’s 50 day moving average is $159.12 and its 200 day moving average is $165.24. 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 capitalization of $254.88 billion, a P/E ratio of 231.08, a PEG ratio of 1.87 and a beta of 1.69. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday, June 15th. Barclays increased their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Benchmark lowered their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. TD Cowen increased their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Piper Sandler restated an “overweight” rating and issued a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $190.83.

About Advanced Micro Devices

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.