Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,017 shares of the semiconductor manufacturer’s stock after purchasing an additional 300 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Advanced Micro Devices were worth $150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chase Investment Counsel Corp increased its position in shares of Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after acquiring an additional 87 shares during the period. Washburn Capital Management Inc. purchased a new stake in Advanced Micro Devices during the 4th quarter worth about $231,000. Pathway Financial Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $229,000. Independence Bank of Kentucky boosted its stake in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after buying an additional 1,677 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $1,759,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMD. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Tuesday, May 7th. Morgan Stanley decreased their price objective on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. TD Cowen lifted their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, UBS Group dropped their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $185.26.

Insider Transactions at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold 165,650 shares of company stock valued at $31,761,199 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $6.17 during trading hours on Thursday, hitting $159.35. The company’s stock had a trading volume of 75,068,225 shares, compared to its average volume of 68,120,555. 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 quick ratio of 1.92 and a current ratio of 2.64. The business’s 50-day moving average is $165.28 and its two-hundred day moving average is $157.30. The company has a market capitalization of $257.56 billion, a PE ratio of 236.40, a PEG ratio of 1.89 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly 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 net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the firm posted $0.43 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 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.