HBK Sorce Advisory LLC Purchases 479 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

HBK Sorce Advisory LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,211 shares of the semiconductor manufacturer’s stock after buying an additional 479 shares during the period. HBK Sorce Advisory LLC’s holdings in Advanced Micro Devices were worth $2,023,000 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 valued at $1,772,000 after purchasing an additional 87 shares during the period. Washburn Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $231,000. Pathway Financial Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $229,000. Independence Bank of Kentucky lifted its holdings in shares of Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares during the period. Finally, Fortis Capital Advisors LLC boosted its position in shares of Advanced Micro Devices by 137.8% during the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after acquiring an additional 7,235 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AMD. Wells Fargo & Company raised their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price target for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Truist Financial dropped their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. Finally, TD Cowen increased their price target on Advanced Micro Devices from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $193.47.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 2.7 %

AMD traded down $4.19 during trading on Friday, reaching $151.58. 46,066,734 shares of the stock were exchanged, compared to its average volume of 64,168,520. 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 stock’s 50 day moving average price is $164.28 and its two-hundred day moving average price is $167.82. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The stock has a market cap of $245.00 billion, a P/E ratio of 224.03, a price-to-earnings-growth ratio of 1.85 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 earnings per share 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 firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.6 EPS for the current 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.