CV Advisors LLC Purchases 13,583 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

CV Advisors LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 817.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,245 shares of the semiconductor manufacturer’s stock after buying an additional 13,583 shares during the quarter. Advanced Micro Devices accounts for approximately 1.6% of CV Advisors LLC’s portfolio, making the stock its 9th biggest position. CV Advisors LLC’s holdings in Advanced Micro Devices were worth $2,752,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Catalina Capital Group LLC lifted its stake in Advanced Micro Devices by 131.4% in the 1st quarter. Catalina Capital Group LLC now owns 6,690 shares of the semiconductor manufacturer’s stock worth $1,207,000 after purchasing an additional 3,799 shares in the last quarter. Avidian Wealth Solutions LLC lifted its position in shares of Advanced Micro Devices by 43.5% in the 1st quarter. Avidian Wealth Solutions LLC now owns 5,068 shares of the semiconductor manufacturer’s stock worth $915,000 after purchasing an additional 1,536 shares during the period. TFB Advisors LLC purchased a new position in Advanced Micro Devices during the 1st quarter valued at about $970,000. Mediolanum International Funds Ltd purchased a new position in Advanced Micro Devices during the 1st quarter valued at about $24,908,000. Finally, RIA Advisory Group LLC purchased a new position in Advanced Micro Devices during the 1st quarter valued at about $222,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 3.9 %

NASDAQ:AMD traded up $6.86 during midday trading on Wednesday, hitting $183.96. 90,102,055 shares of the company were exchanged, compared to its average volume of 64,654,773. The company has a fifty day simple moving average of $161.81 and a 200 day simple moving average of $166.82. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $297.34 billion, a PE ratio of 270.53, a price-to-earnings-growth ratio of 2.07 and a beta of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the business earned $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on AMD shares. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Tuesday, May 7th. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Evercore ISI cut their price objective on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Cantor Fitzgerald dropped their price target on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, Citigroup dropped their price target on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research report 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $190.50.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, 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 can be accessed through this hyperlink. Insiders own 0.65% of the company’s stock.

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.