CAPROCK Group Inc. Has $1.63 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

CAPROCK Group Inc. boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 66.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,864 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,935 shares during the quarter. CAPROCK Group Inc.’s holdings in Advanced Micro Devices were worth $1,625,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $25,000. AlphaCentric Advisors LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $32,000. First Command Financial Services Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth $34,000. Delos Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 95.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 115 shares in the last quarter. Finally, Level Financial Advisors Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 69.61% of the company’s stock.

A number of analysts have recently weighed in on AMD shares. Susquehanna lowered their target price on Advanced Micro Devices from $160.00 to $140.00 in a research note on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft lowered their target price on Advanced Micro Devices from $125.00 to $115.00 and set a “hold” rating for the company in a research note on Wednesday, April 20th. Piper Sandler upgraded Advanced Micro Devices from a “neutral” rating to an “overweight” rating and raised their price target for the company from $98.00 to $140.00 in a report on Tuesday, May 17th. StockNews.com started coverage on Advanced Micro Devices in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley started coverage on Advanced Micro Devices in a report on Wednesday. They issued an “overweight” rating and a $103.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $139.79.

In related news, CFO Devinder Kumar sold 20,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $102.44, for a total value of $2,048,800.00. Following the sale, the chief financial officer now owns 504,370 shares of the company’s stock, valued at approximately $51,667,662.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 20,180 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 30th. The shares were sold at an average price of $125.00, for a total value of $2,522,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,146 shares of company stock worth $8,560,700. 1.00% of the stock is currently owned by insiders.

NASDAQ AMD opened at $83.75 on Thursday. The firm has a market cap of $135.72 billion, a P/E ratio of 31.13, a P/E/G ratio of 0.64 and a beta of 1.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.40 and a quick ratio of 1.96. The stock’s 50-day moving average is $93.31 and its 200-day moving average is $112.60. Advanced Micro Devices, Inc. has a one year low of $79.43 and a one year high of $164.46.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.19. The company had revenue of $5.89 billion for the quarter, compared to analyst estimates of $5.57 billion. Advanced Micro Devices had a return on equity of 20.66% and a net margin of 17.98%. Advanced Micro Devices’s revenue was up 70.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 4.01 EPS for the current year.

Advanced Micro Devices Profile (Get Rating)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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

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