Evercore Wealth Management LLC Acquires 1,233 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Evercore Wealth Management LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 19.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 7,710 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,233 shares during the period. Evercore Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Gamco Investors INC. ET AL increased its holdings in Advanced Micro Devices by 42.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 6,399 shares of the semiconductor manufacturer’s stock worth $658,000 after purchasing an additional 1,897 shares during the period. Essex Investment Management Co. LLC increased its holdings in Advanced Micro Devices by 72.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 10,733 shares of the semiconductor manufacturer’s stock worth $1,104,000 after purchasing an additional 4,508 shares during the period. Greenleaf Trust increased its holdings in Advanced Micro Devices by 1.0% during the 3rd quarter. Greenleaf Trust now owns 34,426 shares of the semiconductor manufacturer’s stock worth $3,540,000 after purchasing an additional 330 shares during the period. Kensington Investment Counsel LLC increased its holdings in shares of Advanced Micro Devices by 11.3% in the 3rd quarter. Kensington Investment Counsel LLC now owns 3,449 shares of the semiconductor manufacturer’s stock valued at $355,000 after acquiring an additional 349 shares during the period. Finally, WBI Investments Inc. purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $1,177,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $167.87 on Monday. The business’s fifty day moving average price is $161.33 and its 200 day moving average price is $161.63. The firm has a market capitalization of $271.33 billion, a PE ratio of 246.87, a price-to-earnings-growth ratio of 1.93 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The stock was 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 in the company, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold a total of 157,400 shares of company stock valued at $30,077,126 over the last quarter. 0.65% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMD. Citigroup dropped their target price on 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 Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. KeyCorp decreased their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Roth Mkm reduced their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Jefferies Financial Group started coverage on Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.68.

Check Out Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices 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.

Further Reading

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.