Financial Management Professionals Inc. owns shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) worth $323,000

Financial Management Professionals Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) up 9.8% in the first quarter, according to its latest SEC filing. An institutional investor owned 1,789 shares of the semiconductor maker after purchasing an additional 160 shares during the quarter. Shares of Financial Management Professionals Inc. in Advanced Micro Devices were worth $323,000 according to the most recent SEC filing.

Several other institutional investors also recently adjusted their holdings in AMD. Northwest Bank & Trust Co purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Gables Capital Management Inc. purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Institutional investors hold 71.34% of the company’s shares.

Advanced prices for micro devices

AMD shares opened Friday at $162.21. The company has a current ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. it has a 12-month low of $93.11 and a 12-month high of $227.30. The company’s fifty-day simple moving average is $159.12 and its 200-day simple moving average is $165.05. The company has a market capitalization of $262.18 billion, a price-to-earnings ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last released earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the company earned $0.43 EPS. Advanced Micro Devices’ quarterly revenue increased 2.2% compared to the same quarter last year. Analysts expect Advanced Micro Devices, Inc. will report an average of 2.61 earnings per share for the current year.

Internal activity at Advanced Micro Devices

In related news, VP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction amount of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. 0.73% of the shares are owned by corporate insiders.

Wall Street analysts assess

AMD has been the subject of several analyst reports. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices and set a $175.00 price target (up from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Cantor Fitzgerald lowered the price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of Advanced Micro Devices on Monday, May 13th. They set a “buy” rating and a $190.00 price target on the stock. Susquehanna raised the price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 10th. Finally, Citigroup lowered their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. One analyst has rated the stock a “sell,” three have a “hold,” and twenty-seven have given the stock a “buy” rating. According to MarketBeat data, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Check out our latest research report on advanced micro devices

About Advanced Micro Devices

(Free Report)

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates through the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data centers and professional GPUs; and embedded processors, as well as semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products.

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