Miracle Mile Advisors LLC Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Miracle Mile Advisors LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,346 shares of the semiconductor manufacturer’s stock after purchasing an additional 473 shares during the period. Miracle Mile Advisors LLC’s holdings in Advanced Micro Devices were worth $4,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMD. Vanguard Group Inc. raised its position in shares of Advanced Micro Devices by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after purchasing an additional 2,390,558 shares during the period. Fisher Asset Management LLC increased its position in Advanced Micro Devices by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after acquiring an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD increased its position in Advanced Micro Devices by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares during the period. Jennison Associates LLC increased its position in Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after acquiring an additional 1,490,997 shares during the period. Finally, Norges Bank acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $3,426,529,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of several analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Truist Financial decreased their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. Citigroup decreased their price target on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, UBS Group decreased their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Advanced Micro Devices Trading Down 2.8 %

Shares of NASDAQ:AMD traded down $4.52 during midday trading on Monday, hitting $157.69. The company had a trading volume of 50,055,647 shares, compared to its average volume of 65,030,066. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock has a market cap of $254.88 billion, a price-to-earnings ratio of 231.08, a PEG ratio of 1.87 and a beta of 1.69. The firm has a fifty day simple moving average of $159.12 and a 200 day simple moving average of $165.24.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $5.48 billion. During the same quarter last year, the business posted $0.43 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 filing with the SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

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.