1,441 Shares in Advanced Micro Devices, Inc. $AMD Acquired by Sandro Wealth Management LLC

Sandro Wealth Management LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,441 shares of the semiconductor manufacturer’s stock, valued at approximately $309,000.

A number of other institutional investors have also recently added to or reduced their stakes in AMD. Joseph Group Capital Management purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $25,000. Koesten Hirschmann & Crabtree INC. raised its position in Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 61 shares during the period. ORG Wealth Partners LLC raised its position in Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Key Capital Management INC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $38,000. Finally, PFS Partners LLC raised its position in Advanced Micro Devices by 269.2% in the fourth quarter. PFS Partners LLC now owns 192 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the sale, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 85,000 shares of Advanced Micro Devices stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $198.77, for a total value of $16,895,450.00. Following the completion of the sale, the chief executive officer directly owned 3,146,006 shares of the company’s stock, valued at $625,331,612.62. The trade was a 2.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 304,672 shares of company stock valued at $70,135,070. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMD. Rosenblatt Securities restated a “buy” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Evercore restated an “outperform” rating and issued a $358.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Monday, February 2nd. Northland Securities restated a “market perform” rating and issued a $260.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 27th. Finally, Benchmark restated a “buy” rating and issued a $325.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $300.05.

View Our Latest Stock Report on AMD

Advanced Micro Devices Trading Up 1.7%

Shares of NASDAQ AMD opened at $360.54 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $96.88 and a twelve month high of $362.79. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $232.51 and a 200-day simple moving average of $228.24. The stock has a market capitalization of $587.80 billion, a PE ratio of 136.05, a PEG ratio of 1.28 and a beta of 1.96.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The business had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $9.65 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was up 34.1% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 5.82 earnings per share for the current year.

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

See Also

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

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