First Trust Direct Indexing L.P. Purchases 6,123 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

First Trust Direct Indexing L.P. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,553 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,123 shares during the period. Advanced Micro Devices comprises about 0.5% of First Trust Direct Indexing L.P.’s portfolio, making the stock its 24th biggest position. First Trust Direct Indexing L.P.’s holdings in Advanced Micro Devices were worth $7,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMD. Addison Advisors LLC lifted its holdings in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares during the period. Prentice Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares during the period. Schear Investment Advisers LLC lifted its stake in shares of Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares during the period. Finally, Fiduciary Group LLC lifted its stake in shares of Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.2 %

Shares of NASDAQ:AMD traded down $0.41 during trading on Thursday, reaching $163.90. The stock had a trading volume of 26,980,906 shares, compared to its average volume of 48,034,668. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company has a market capitalization of $264.91 billion, a P/E ratio of 241.03, a PEG ratio of 1.90 and a beta of 1.68. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $159.78 and its 200 day simple moving average is $165.55.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the firm posted $0.43 EPS. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AMD shares. Roth Mkm dropped their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Citigroup dropped their price target on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Susquehanna boosted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 10th. One equities research 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by insiders.

Advanced Micro Devices Company 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.