Mainstream Capital Management LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mainstream Capital Management LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, Holdings Channel reports. The fund acquired 3,992 shares of the semiconductor manufacturer’s stock, valued at approximately $655,000.

Several other large investors also recently added to or reduced their stakes in AMD. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Advanced Micro Devices by 19.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 68,990 shares of the semiconductor manufacturer’s stock valued at $12,452,000 after purchasing an additional 11,368 shares during the period. Quantbot Technologies LP purchased a new stake in Advanced Micro Devices during the first quarter worth $331,000. AIA Group Ltd purchased a new stake in Advanced Micro Devices during the first quarter worth $1,631,000. Wealthspire Advisors LLC lifted its holdings in Advanced Micro Devices by 2.9% during the first quarter. Wealthspire Advisors LLC now owns 10,962 shares of the semiconductor manufacturer’s stock worth $1,979,000 after buying an additional 305 shares during the period. Finally, Hilltop National Bank purchased a new stake in Advanced Micro Devices during the first quarter worth $372,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $149.82 on Friday. The stock has a 50-day simple moving average of $154.36 and a two-hundred day simple moving average of $155.56. The firm has a market capitalization of $243.13 billion, a P/E ratio of 134.97, a PEG ratio of 1.94 and a beta of 1.71. Advanced Micro Devices, Inc. has a fifty-two week low of $112.88 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMD. Morgan Stanley lowered their target price on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Edward Jones began coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. Wells Fargo & Company upped their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Roth Mkm restated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $192.79.

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.