Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Raised by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,070 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,170 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Advanced Micro Devices were worth $3,803,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Tradewinds Capital Management LLC grew its position in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares during the last quarter. Valued Wealth Advisors LLC grew its position in Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 70 shares during the last quarter. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the fourth quarter worth approximately $28,000. Bare Financial Services Inc acquired a new position in Advanced Micro Devices in the fourth quarter worth approximately $29,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMD. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. TD Cowen raised their price objective on shares of Advanced Micro Devices from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 target price for the company. Finally, Citigroup lifted their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday. One research 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. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $192.47.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $1.78 on Monday, reaching $179.83. The stock had a trading volume of 41,955,221 shares, compared to its average volume of 64,343,816. The company has a market capitalization of $290.66 billion, a P/E ratio of 264.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year 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. The stock has a fifty day moving average price of $163.63 and a 200-day moving average price of $167.75.

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, 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 company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the business earned $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.61 EPS for the current 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.