Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Broderick Brian C

Broderick Brian C lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,565 shares of the semiconductor manufacturer’s stock after selling 4,387 shares during the quarter. Advanced Micro Devices accounts for about 4.5% of Broderick Brian C’s holdings, making the stock its 4th largest position. Broderick Brian C’s holdings in Advanced Micro Devices were worth $21,219,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMD. Tradewinds Capital Management LLC boosted its holdings in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices during the 3rd quarter worth about $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 1.1 %

Shares of AMD stock traded down $2.02 during mid-day trading on Thursday, hitting $181.94. 59,151,207 shares of the stock traded hands, compared to its average volume of 64,613,730. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The stock has a market cap of $294.07 billion, a P/E ratio of 267.56, a P/E/G ratio of 2.07 and a beta of 1.68. The stock’s fifty day moving average is $162.53 and its two-hundred day moving average is $166.92.

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 analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the company earned $0.43 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Equities 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 Advanced Micro Devices stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMD. KeyCorp decreased their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Morgan Stanley cut shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 target price on the stock. in a report on Monday, June 10th. Roth Mkm decreased their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, TD Cowen upped their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $191.00.

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.