JTC Employer Solutions Trustee Ltd Purchases 262 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

JTC Employer Solutions Trustee Ltd boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,762 shares of the semiconductor manufacturer’s stock after buying an additional 262 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Advanced Micro Devices were worth $316,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AMD. Chase Investment Counsel Corp boosted its stake in Advanced Micro Devices by 0.7% during the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after purchasing an additional 87 shares during the last quarter. Washburn Capital Management Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth $231,000. Pathway Financial Advisors LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $229,000. Independence Bank of Kentucky lifted its stake in Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after purchasing an additional 7,235 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on AMD shares. Evercore ISI lowered their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. TD Cowen boosted their target price 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. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday, June 15th. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a report on Monday, May 13th. They set a “buy” rating and a $190.00 price objective for the company. Finally, DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Stock Down 0.2 %

NASDAQ:AMD traded down $0.41 during mid-day trading on Wednesday, reaching $163.90. The company’s stock had a trading volume of 26,980,905 shares, compared to its average volume of 64,678,125. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $264.91 billion, a PE ratio of 241.03, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The stock has a fifty day moving average of $159.54 and a 200-day moving average of $165.56. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on 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 document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

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.