Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 582 shares of the semiconductor manufacturer’s stock after buying an additional 76 shares during the period. Sound Income Strategies LLC’s holdings in Advanced Micro Devices were worth $105,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its position in Advanced Micro Devices by 9.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 91,513 shares of the semiconductor manufacturer’s stock worth $9,409,000 after purchasing an additional 7,547 shares during the last quarter. Mather Group LLC. raised its stake in Advanced Micro Devices by 21.0% during the 3rd quarter. Mather Group LLC. now owns 9,887 shares of the semiconductor manufacturer’s stock valued at $1,017,000 after acquiring an additional 1,717 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in Advanced Micro Devices by 37.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 516,866 shares of the semiconductor manufacturer’s stock valued at $53,144,000 after acquiring an additional 141,324 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of Advanced Micro Devices by 30.0% in the 3rd quarter. Valley National Advisers Inc. now owns 958 shares of the semiconductor manufacturer’s stock valued at $99,000 after purchasing an additional 221 shares during the last quarter. Finally, Roundview Capital LLC increased its holdings in shares of Advanced Micro Devices by 35.5% in the third quarter. Roundview Capital LLC now owns 17,532 shares of the semiconductor manufacturer’s stock valued at $1,803,000 after purchasing an additional 4,593 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho cut their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Citigroup reduced their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Evercore ISI cut their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. TD Cowen boosted their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Barclays increased their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Stock Down 1.7 %

Shares of Advanced Micro Devices stock traded down $2.71 during trading on Wednesday, reaching $157.54. The company had a trading volume of 36,913,476 shares, compared to its average volume of 65,479,848. The company has a market cap of $254.63 billion, a price-to-earnings ratio of 231.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The firm’s fifty day moving average is $158.65 and its 200-day moving average is $164.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during 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 firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

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.