First Pacific Financial Buys 6,810 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

First Pacific Financial boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 853.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,608 shares of the semiconductor manufacturer’s stock after buying an additional 6,810 shares during the quarter. First Pacific Financial’s holdings in Advanced Micro Devices were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Advanced Micro Devices by 8.5% during the fourth quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock worth $3,737,000 after acquiring an additional 1,990 shares in the last quarter. Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices during the 4th quarter worth about $29,000. Oliver Lagore Vanvalin Investment Group boosted its stake in Advanced Micro Devices by 36.2% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 72 shares during the period. Western Wealth Management LLC grew its holdings in Advanced Micro Devices by 3.3% during the 4th quarter. Western Wealth Management LLC now owns 18,551 shares of the semiconductor manufacturer’s stock valued at $2,735,000 after buying an additional 590 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of Advanced Micro Devices by 65.5% in the fourth quarter. Fidelis Capital Partners LLC now owns 5,365 shares of the semiconductor manufacturer’s stock worth $791,000 after buying an additional 2,123 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s 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 sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on AMD. 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 note on Wednesday, May 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Cantor Fitzgerald dropped their price objective on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Citigroup upped their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Morgan Stanley boosted their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Price Performance

AMD stock traded up $6.72 during midday trading on Monday, hitting $155.28. The company’s stock had a trading volume of 60,688,722 shares, compared to its average volume of 63,102,344. The firm has a market capitalization of $250.98 billion, a price-to-earnings ratio of 228.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.69. The company has a quick ratio of 1.92, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. 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 $154.66 and a two-hundred day moving average of $165.31.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.58 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.