Elephas Investment Management Ltd Acquires Shares of 455,700 Advanced Micro Devices, Inc. (AMD)

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Elephas Investment Management Ltd acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 455,700 shares of the semiconductor manufacturer’s stock, valued at approximately $11,629,000. Advanced Micro Devices accounts for approximately 1.6% of Elephas Investment Management Ltd’s portfolio, making the stock its 13th biggest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMD. Joseph P. Lucia & Associates LLC purchased a new position in shares of Advanced Micro Devices in the first quarter worth about $25,000. Winslow Evans & Crocker Inc. lifted its stake in shares of Advanced Micro Devices by 1,893.9% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,316 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 1,250 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Advanced Micro Devices in the first quarter worth about $26,000. Capital Investment Advisory Services LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $27,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $27,000. 58.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMD opened at $26.36 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $13.03 and a 1-year high of $34.14. The stock has a market cap of $29.58 billion, a price-to-earnings ratio of 75.31, a P/E/G ratio of 1.63 and a beta of 3.37. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.57.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business earned $0.11 earnings per share. The business’s revenue for the quarter was down 22.8% on a year-over-year basis. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 0.55 earnings per share for the current fiscal year.

A number of equities analysts have commented on AMD shares. Bank of America lifted their target price on shares of Advanced Micro Devices from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Mizuho lifted their target price on shares of Advanced Micro Devices from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Barclays lifted their target price on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Zacks Investment Research raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Credit Suisse Group lifted their target price on shares of Advanced Micro Devices from $13.50 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $28.92.

In related news, CEO Lisa T. Su sold 250,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $26.75, for a total value of $6,687,500.00. Following the completion of the transaction, the chief executive officer now owns 2,511,264 shares in the company, valued at $67,176,312. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Devinder Kumar sold 130,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $23.67, for a total transaction of $3,077,100.00. Following the completion of the transaction, the chief financial officer now owns 712,255 shares of the company’s stock, valued at approximately $16,859,075.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 711,664 shares of company stock valued at $18,409,149. Company insiders own 1.50% of the company’s stock.

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About Advanced Micro Devices

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 (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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

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