Hexagon Capital Partners LLC Purchases 147 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hexagon Capital Partners LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,778 shares of the semiconductor manufacturer’s stock after purchasing an additional 147 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Advanced Micro Devices were worth $501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices during the third quarter valued at $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $29,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $29,000. Finally, Gables Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $29,000. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMD shares. Benchmark cut their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $190.00 target price for the company. Finally, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. 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 company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 2.8 %

Advanced Micro Devices stock traded down $4.52 during midday trading on Monday, reaching $157.69. The stock had a trading volume of 50,374,111 shares, compared to its average volume of 65,033,785. The firm’s fifty day simple moving average is $159.12 and its 200-day simple moving average is $165.24. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The stock has a market capitalization of $254.88 billion, a P/E ratio of 231.08, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. 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 announced its earnings results 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. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm earned $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal 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.