Retirement Planning Group LLC Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Retirement Planning Group LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 73.1% in the first quarter, HoldingsChannel reports. The firm owned 6,367 shares of the semiconductor manufacturer’s stock after buying an additional 2,688 shares during the quarter. Retirement Planning Group LLC’s holdings in Advanced Micro Devices were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Bank & Trust Co bought a new position in Advanced Micro Devices in the 4th quarter worth $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $29,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Gables Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AMD. Morgan Stanley downgraded shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock. in a report on Monday, June 10th. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Evercore ISI decreased their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. UBS Group dropped their price objective on 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. Finally, Barclays lifted their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.83.

Check Out Our Latest Stock Report on AMD

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, June 14th. The stock was 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 directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD remained flat at $160.25 during trading on Tuesday. The company’s stock had a trading volume of 40,591,208 shares, compared to its average volume of 65,711,313. The firm has a market cap of $259.01 billion, a PE ratio of 232.67, a P/E/G ratio of 1.86 and a beta of 1.69. The company has a 50-day moving average price of $158.71 and a two-hundred day moving average price of $164.54. 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 twelve month low of $93.11 and a twelve month high of $227.30.

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. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Advanced Micro Devices Company Profile

(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.

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

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