Summit X LLC Buys 572 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Summit X LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 11.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,476 shares of the semiconductor manufacturer’s stock after acquiring an additional 572 shares during the period. Summit X LLC’s holdings in Advanced Micro Devices were worth $807,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Addison Advisors LLC lifted its stake in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the last quarter. Schear Investment Advisers LLC grew its stake in Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after purchasing an additional 64 shares during the period. Fiduciary Group LLC lifted its position in Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 65 shares during the period. Checchi Capital Advisers LLC boosted its holdings in shares of Advanced Micro Devices by 0.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock valued at $1,560,000 after buying an additional 66 shares in the last quarter. Finally, EWA LLC increased its stake in shares of Advanced Micro Devices by 4.0% in the 4th quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock worth $269,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. Citigroup dropped their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Finally, KeyCorp reduced their price target on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Get Our Latest Research Report on Advanced Micro Devices

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The stock was 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 directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,650 shares of company stock worth $31,761,199. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock traded up $1.85 during midday trading on Friday, hitting $164.47. The company’s stock had a trading volume of 65,944,362 shares, compared to its average volume of 47,430,504. The firm has a market capitalization of $265.83 billion, a price-to-earnings ratio of 241.87, a price-to-earnings-growth ratio of 2.54 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a 50 day moving average of $167.27 and a two-hundred day moving average of $156.12.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly 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. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the previous year, the firm posted $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

About Advanced Micro Devices

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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