Austin Asset Management Co Inc Invests $562,000 in Advanced Micro Devices, Inc. $AMD

Austin Asset Management Co Inc bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,762 shares of the semiconductor manufacturer’s stock, valued at approximately $562,000.

A number of other large investors have also recently bought and sold shares of the company. CFS Investment Advisory Services LLC increased its holdings in Advanced Micro Devices by 6.7% in the 1st quarter. CFS Investment Advisory Services LLC now owns 1,251 shares of the semiconductor manufacturer’s stock worth $254,000 after buying an additional 79 shares during the period. Seelaus Asset Management LLC raised its position in Advanced Micro Devices by 19.0% during the 1st quarter. Seelaus Asset Management LLC now owns 4,317 shares of the semiconductor manufacturer’s stock worth $878,000 after buying an additional 690 shares during the last quarter. Greenwood Capital Associates LLC lifted its stake in Advanced Micro Devices by 8.0% during the 1st quarter. Greenwood Capital Associates LLC now owns 21,127 shares of the semiconductor manufacturer’s stock valued at $4,298,000 after acquiring an additional 1,561 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in Advanced Micro Devices by 26.0% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,422 shares of the semiconductor manufacturer’s stock valued at $493,000 after acquiring an additional 500 shares during the period. Finally, Quantum Portfolio Management LLC boosted its holdings in shares of Advanced Micro Devices by 4.8% in the 1st quarter. Quantum Portfolio Management LLC now owns 1,765 shares of the semiconductor manufacturer’s stock valued at $359,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMD shares. Seaport Research Partners raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 target price for the company in a report on Wednesday, May 6th. Bank of America upped their price target on shares of Advanced Micro Devices from $500.00 to $560.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Mizuho increased their price target on Advanced Micro Devices from $515.00 to $615.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a research note on Wednesday, May 6th. Finally, Susquehanna boosted their price objective on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $453.92.

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Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the sale, the chief executive officer directly owned 2,896,899 shares of the company’s stock, valued at $1,334,572,400.31. This represents a 4.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 374,739 shares of company stock valued at $161,135,671. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Trading Up 0.3%

Shares of AMD stock opened at $517.41 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The company has a market cap of $843.69 billion, a price-to-earnings ratio of 169.64, a PEG ratio of 1.52 and a beta of 2.47. The stock has a 50 day simple moving average of $482.72 and a 200-day simple moving average of $314.89. Advanced Micro Devices, Inc. has a 1-year low of $137.59 and a 1-year high of $584.73.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter last year, the firm posted $0.96 EPS. The business’s revenue was up 37.8% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

Advanced Micro Devices Company 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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