Norden Group LLC Purchases 1,675 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Norden Group LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,752 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,675 shares during the period. Norden Group LLC’s holdings in Advanced Micro Devices were worth $1,038,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Addison Advisors LLC raised its position in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the period. Prentice Wealth Management LLC increased its holdings in Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after acquiring an additional 62 shares during the period. Revolve Wealth Partners LLC increased its holdings in Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after acquiring an additional 63 shares during the period. Schear Investment Advisers LLC increased its holdings in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares during the period. Finally, Fiduciary Group LLC increased its holdings in Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 65 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 4.9 %

AMD stock traded up $8.00 during mid-day trading on Friday, reaching $171.90. 61,613,809 shares of the stock traded hands, compared to its average volume of 64,622,262. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The stock has a market capitalization of $277.84 billion, a PE ratio of 254.28, a PEG ratio of 1.89 and a beta of 1.68. The business has a 50-day moving average price of $159.99 and a two-hundred day moving average price of $165.53.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share 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 for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of a number of research reports. Cantor Fitzgerald cut their price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Mizuho cut their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. UBS Group cut their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Benchmark cut their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, Evercore ISI cut their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. One research 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. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $190.83.

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.