Empirical Finance LLC Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Empirical Finance LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,309 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,995 shares during the period. Advanced Micro Devices comprises 0.6% of Empirical Finance LLC’s holdings, making the stock its 27th biggest position. Empirical Finance LLC’s holdings in Advanced Micro Devices were worth $10,524,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tradewinds Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Northwest Bank & Trust Co purchased a new stake in Advanced Micro Devices during the fourth quarter worth $28,000. Bare Financial Services Inc purchased a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Finally, Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 0.2 %

Shares of AMD traded down $0.33 during trading on Friday, reaching $181.61. 50,519,621 shares of the company traded hands, compared to its average volume of 64,507,863. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The stock has a market cap of $293.54 billion, a PE ratio of 271.30, a price-to-earnings-growth ratio of 2.13 and a beta of 1.68. The stock has a 50-day simple moving average of $162.53 and a 200-day simple moving average of $166.92. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results 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 analysts’ expectations of $5.48 billion. During the same period last year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related 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 value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Evercore ISI reduced their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Susquehanna increased their price objective 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. Finally, KeyCorp decreased their price objective on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.00.

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.