Occidental Asset Management LLC purchases 229 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Occidental Asset Management LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 7.1% in the 1st quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor holds 3,444 shares of the semiconductor maker’s stock after acquiring an additional 229 shares during the period. Occidental Asset Management LLC’s stake in Advanced Micro Devices was worth $622,000, according to the company’s latest 13F filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently increased or decreased their stakes in the company. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices during the third quarter worth approximately $27,000. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $28,000. Bare Financial Services Inc bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Gables Capital Management Inc. purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Currently, 71.34% of the shares are held by institutional investors.

Internal Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14. The shares were sold at an average price of $158.94, for a total of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . 0.73% of the stock is owned by corporate insiders.

Advanced prices for micro devices

NASDAQ AMD stock opened at $162.21 on Friday. The stock 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, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company’s 50-day simple moving average is $159.12 and its 200-day simple moving average is $165.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly data on Tuesday, April 30. The semiconductor maker reported $0.62 EPS for the quarter, topping 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’s revenue for the quarter was $5.47 billion, compared to analysts’ expectations of $5.48 billion. In the same quarter last year, the company earned $0.43 EPS. The company’s revenue increased by 2.2% year over year. Analysts expect Advanced Micro Devices, Inc. to post 2.61 EPS for the current year.

Analysts set new target prices

Multiple analysts have recently commented on AMD stock. Benchmark lowered their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the stock in a report on Thursday, May 2. Piper Sandler reiterated an “overweight” rating and set a $175.00 price target (down from $195.00) on Advanced Micro Devices stock in a report on Wednesday, May 1. TD Cowen increased their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18. Cantor Fitzgerald lowered their price target on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1. Finally, Barclays raised their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4. One analyst rated the stock a “sell,” three have rated it a “hold,” and twenty-seven have given the company a “buy” rating. The company currently has a consensus rating of “Moderate Buy” and an average price target of $190.83, according to data from MarketBeat.

See our latest AMD research report

Advanced Micro Device Profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers microprocessors and x86 graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, 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.

Internal Activity at Advanced Micro Devices

Advanced prices for micro devices

Analysts set new target prices

Advanced Micro Device Profile

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