Ashton Thomas Private Wealth LLC Buys 3,068 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ashton Thomas Private Wealth LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,215 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,068 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Advanced Micro Devices were worth $3,649,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in 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 valued at $20,997,873,000 after purchasing an additional 2,390,558 shares during the period. Fisher Asset Management LLC boosted its stake in Advanced Micro Devices by 2.2% in the fourth 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 last quarter. Price T Rowe Associates Inc. MD boosted its stake in Advanced Micro Devices by 10.2% in the fourth 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 last quarter. Jennison Associates LLC raised its position in shares of Advanced Micro Devices by 5.9% during 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 last quarter. Finally, Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $3,426,529,000. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Roth Mkm decreased their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Susquehanna upped their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 10th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Finally, DZ Bank upgraded 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $7.68 during midday trading on Friday, hitting $171.58. 23,422,420 shares of the company’s stock were exchanged, compared to its average volume of 64,355,816. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The firm has a market capitalization of $277.33 billion, a PE ratio of 251.65, a price-to-earnings-growth ratio of 1.89 and a beta of 1.68. The company’s 50 day moving average price is $159.99 and its 200 day moving average price is $165.53. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results 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 return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the business earned $0.43 earnings per share. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.