West Paces Advisors Inc. Acquires 185 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

West Paces Advisors Inc. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,330 shares of the semiconductor manufacturer’s stock after acquiring an additional 185 shares during the period. West Paces Advisors Inc.’s holdings in Advanced Micro Devices were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

AMD has been the topic of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Susquehanna lifted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10th. Benchmark lowered their target price on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their target price for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Finally, Cantor Fitzgerald lowered their target price on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $2.71 during trading hours on Wednesday, reaching $157.54. The company’s stock had a trading volume of 36,871,758 shares, compared to its average volume of 65,479,848. The firm’s 50 day simple moving average is $158.65 and its 200-day simple moving average is $164.76. The company has a market capitalization of $254.63 billion, a price-to-earnings ratio of 231.68, a PEG 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 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 issued its 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. 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 return on equity of 5.72% and a net margin of 4.89%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. Sell-side analysts forecast 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 the firm’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 sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by company insiders.

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.