5,821 Shares in Advanced Micro Devices, Inc. $AMD Acquired by Provident Living Financial Services Inc.

Provident Living Financial Services Inc. acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,821 shares of the semiconductor manufacturer’s stock, valued at approximately $1,247,000. Advanced Micro Devices makes up 1.2% of Provident Living Financial Services Inc.’s holdings, making the stock its 17th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in AMD. ORG Wealth Partners LLC lifted its position in Advanced Micro Devices by 39.7% during the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 46 shares in the last quarter. Koesten Hirschmann & Crabtree INC. lifted its position in Advanced Micro Devices by 61.0% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Aviso Financial Inc. lifted its position in Advanced Micro Devices by 400.0% during the third quarter. Aviso Financial Inc. now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 160 shares in the last quarter. Delos Wealth Advisors LLC lifted its position in Advanced Micro Devices by 100.0% during the third quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Finally, Evolution Wealth Management Inc. purchased a new position in Advanced Micro Devices during the second quarter worth approximately $34,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,442 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $234.42, for a total value of $572,453.64. Following the completion of the sale, the senior vice president owned 16,359 shares in the company, valued at approximately $3,834,876.78. This trade represents a 12.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 3,293 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $225.00, for a total transaction of $740,925.00. Following the completion of the sale, the executive vice president owned 1,294,466 shares of the company’s stock, valued at $291,254,850. This trade represents a 0.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 242,685 shares of company stock worth $50,757,308 in the last three months. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Up 4.6%

AMD stock opened at $231.82 on Thursday. The firm has a market cap of $377.95 billion, a PE ratio of 87.48, a PEG ratio of 0.82 and a beta of 1.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. The firm’s 50 day moving average price is $208.21 and its 200-day moving average price is $216.26. Advanced Micro Devices, Inc. has a one year low of $78.87 and a one year high of $267.08.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. During the same quarter last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was up 34.1% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

Analysts Set New Price Targets

A number of equities analysts recently commented on AMD shares. Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $260.00 to $255.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $230.00 price target on shares of Advanced Micro Devices in a research report on Monday, March 16th. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Finally, DA Davidson raised shares of Advanced Micro Devices to a “hold” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.19.

Read Our Latest Stock Report on AMD

About Advanced Micro Devices

(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.

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

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