3,723 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Pinkerton Retirement Specialists LLC

Pinkerton Retirement Specialists LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,723 shares of the semiconductor manufacturer’s stock, valued at approximately $672,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chase Investment Counsel Corp grew its holdings in shares of Advanced Micro Devices by 0.7% in 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 in the last quarter. Washburn Capital Management Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth approximately $231,000. Pathway Financial Advisors LLC purchased a new position in Advanced Micro Devices in the fourth quarter worth approximately $229,000. Independence Bank of Kentucky lifted its stake in Advanced Micro Devices by 84.1% in the fourth 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 last quarter. Finally, Fortis Capital Advisors LLC lifted 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 worth $1,840,000 after buying an additional 7,235 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMD has been the subject of several recent analyst reports. Morgan Stanley downgraded shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective for the company. in a research report on Monday, June 10th. Truist Financial reduced their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. Evercore ISI dropped their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research note on Tuesday, May 7th. Four investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.97.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The shares were 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 directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 2.7 %

NASDAQ:AMD traded down $4.19 on Friday, reaching $151.58. The stock had a trading volume of 47,513,063 shares, compared to its average volume of 50,288,988. The company has a market cap of $245.00 billion, a price-to-earnings ratio of 222.92, a P/E/G ratio of 1.80 and a beta of 1.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm’s fifty day moving average is $164.27 and its two-hundred day moving average is $168.05. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company 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%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.6 EPS for the current fiscal 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.