MCF Advisors LLC owns $318,000 worth of shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

MCF Advisors LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) up 6.5% in the first quarter, according to its latest Form 13F filed with the Securities and Exchange Commission (SEC). The fund owned 1,764 shares of the semiconductor maker after purchasing an additional 107 shares during the quarter. MCF Advisors LLC’s shares of Advanced Micro Devices were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently changed their positions in AMD. Addison Advisors LLC increased its stake in Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock worth $31,000 after acquiring an additional 62 shares in the last quarter. Prentice Wealth Management LLC increased its holdings in Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor maker’s stock worth $711,000 after acquiring an additional 62 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor maker’s stock worth $1,314,000 after purchasing an additional 63 shares during the period. Schear Investment Advisers LLC increased its position in Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor maker’s stock worth $2,323,000 after purchasing an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC increased its position in Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor maker’s stock worth $371,000 after purchasing an additional 65 shares during the period. Institutional investors own 71.34% of the outstanding stock.

Analysts set new price targets

Several brokerages have recently issued reports on AMD. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1. KeyCorp lowered their price target for Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the stock in a research note on Wednesday, May 1. Piper Sandler reiterated an “overweight” rating and set a $175.00 price target (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1. Citigroup lowered their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the stock in a research report on Wednesday, May 1. Finally, Evercore ISI lowered their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the stock in a research note on Wednesday, May 1. One research analyst rated the stock a sell, three gave a hold rating, and twenty-seven gave the company a buy rating. The company has a consensus rating of “Moderate Buy” and an average price target of $190.83 based on data from MarketBeat.

Download our latest research report on advanced micro devices

Insiders are betting

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, bringing the total to $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock valued at $245,757,319.38. The transaction was disclosed in legal documents filed with the SEC, which are available at this link. 0.73% of the shares are currently owned by insiders.

Advanced microdevices price performance

Shares of Advanced Micro Devices opened at $162.21 on Friday. The stock has a market capitalization of $262.18 billion, a P/E ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69. The company has a current ratio of 2.64, a current ratio of 1.92 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average price is $159.12, and a 200 day moving average price is $165.05. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last released its earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, which topped analyst consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue for the quarter increased by 2.2% year-over-year. During the same quarter last year, the company earned $0.43 EPS. Analysts expect that as a group, Advanced Micro Devices, Inc. it will earn 2.61 earnings per share for the current year.

Advanced Micro Devices Company Profile

(free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. 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, 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.

Analysts set new price targets

Insiders are betting

Advanced microdevices price performance

Advanced Micro Devices Company Profile

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