Hershey Financial Advisers LLC Purchases New Shares in Advanced Micro Devices, Inc. $AMD

Hershey Financial Advisers LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,443 shares of the semiconductor manufacturer’s stock, valued at approximately $1,340,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMD. Pinney & Scofield Inc. increased its holdings in shares of Advanced Micro Devices by 81.0% in the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares in the last quarter. Dogwood Wealth Management LLC boosted its position in Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 208 shares during the last quarter. Avion Wealth increased its stake in shares of Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 72 shares during the period. West Branch Capital LLC raised its position in shares of Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 214 shares during the last quarter. Finally, Semmax Financial Advisors Inc. raised its position in shares of Advanced Micro Devices by 115.1% during the first quarter. Semmax Financial Advisors Inc. now owns 370 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 4.8%

Advanced Micro Devices stock opened at $210.78 on Friday. The company has a 50 day moving average of $231.11 and a 200-day moving average of $179.57. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The stock has a market capitalization of $343.16 billion, a PE ratio of 104.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The firm had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the transaction, the senior vice president owned 9,033 shares of the company’s stock, valued at $2,041,548.33. This represents a 24.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. This represents a 0.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 183,476 shares of company stock worth $40,249,093. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AMD. UBS Group upped their target price on shares of Advanced Micro Devices from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Advanced Micro Devices in a report on Tuesday, December 2nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Seaport Res Ptn lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Finally, Melius Research set a $380.00 price target on Advanced Micro Devices in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Advanced Micro Devices Profile

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.