Kesler Norman & Wride LLC Invests $1.05 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kesler Norman & Wride LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,823 shares of the semiconductor manufacturer’s stock, valued at approximately $1,051,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Axxcess Wealth Management LLC raised its stake in Advanced Micro Devices by 47.6% during the third quarter. Axxcess Wealth Management LLC now owns 19,535 shares of the semiconductor manufacturer’s stock worth $2,009,000 after acquiring an additional 6,303 shares in the last quarter. EULAV Asset Management increased its position in Advanced Micro Devices by 29.5% during the 3rd quarter. EULAV Asset Management now owns 145,000 shares of the semiconductor manufacturer’s stock worth $14,909,000 after purchasing an additional 33,000 shares in the last quarter. Legacy Advisors LLC lifted its stake in Advanced Micro Devices by 17.3% in the 3rd quarter. Legacy Advisors LLC now owns 2,310 shares of the semiconductor manufacturer’s stock valued at $238,000 after purchasing an additional 340 shares during the last quarter. Key Client Fiduciary Advisors LLC boosted its position in Advanced Micro Devices by 19.6% in the third quarter. Key Client Fiduciary Advisors LLC now owns 5,321 shares of the semiconductor manufacturer’s stock valued at $547,000 after buying an additional 871 shares in the last quarter. Finally, Kepos Capital LP bought a new stake in shares of Advanced Micro Devices during the third quarter worth $5,141,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMD shares. Morgan Stanley downgraded shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 target price for the company. in a research report on Monday, June 10th. Evercore ISI cut their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Mizuho cut their price objective on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, TD Cowen increased 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

Advanced Micro Devices Stock Down 0.2 %

Shares of AMD traded down $0.41 during midday trading on Thursday, reaching $163.90. 26,980,906 shares of the company were exchanged, compared to its average volume of 48,034,668. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The stock has a 50-day moving average price of $159.78 and a 200-day moving average price of $165.55. The company has a market cap of $264.91 billion, a price-to-earnings ratio of 241.03, a P/E/G ratio of 1.90 and a beta of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Advanced Micro Devices Company 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.