D. A. Davidson & CO. increases position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

DA Davidson & CO., according to its most recent Form 13F filing with the Securities and Exchange Commission. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) up 24.6% in the fourth quarter. The fund owned 25,919 shares of the semiconductor maker after acquiring an additional 5,121 shares during the quarter. According to a recent filing with the Securities and Exchange Commission, DA Davidson & CO.’s holdings. at Advanced Micro Devices were worth $3,821,000.

Other hedge funds and other institutional investors have also recently increased or decreased their stakes in the company. Corient Private Wealth LLC increased its position in shares of Advanced Micro Devices by 0.6% during the third quarter. Corient Private Wealth LLC now owns 398,665 shares of the semiconductor maker’s stock valued at $40,990,000 after purchasing an additional 2,505 shares during the period. LSV Asset Management purchased a new stake in Advanced Micro Devices during the third quarter worth approximately $195,000. NBC Securities Inc. purchased a new stake in shares of Advanced Micro Devices during the third quarter worth approximately $1,154,000. In the third quarter, Avantax Planning Partners Inc. increased its stake in Advanced Micro Devices by 1.9%. Avantax Planning Partners Inc. now owns 11,484 shares of the semiconductor maker’s stock valued at $1,181,000 after acquiring an additional 215 shares during the period. Finally, MONECO Advisors LLC increased its holdings in Advanced Micro Devices by 2.9% during the 3rd quarter. MONECO Advisors LLC now owns 4,900 shares of the semiconductor maker’s stock valued at $504,000 after acquiring an additional 136 shares during the period. 71.34% of the shares are currently owned by hedge funds and other institutional investors.

Trade growth of advanced micro devices by 3.0%

AMD rose $4.81 during Friday’s session to $165.24. 23,240,920 shares of the stock were traded, with average volume of 67,833,656. The company has a market capitalization of $267.08 billion, a P/E ratio of 243.00, a price-to-earnings ratio of 1.90 and a beta coefficient of 1.66. The company has a debt to equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company has a 50-day moving average of $164.75 and a 200-day moving average of $157.32. Advanced Micro Devices, Inc. it has a 12 month low of $93.11 and a 12 month high of $227.30.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, $0.01 above the consensus estimate of $0.61. The company had revenue of $5.47 billion for the quarter, compared to analyst expectations of $5.48 billion. 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 increased 2.2% compared to the same quarter last year. During the same quarter last year, the company saw an EPS of $0.43. Stock research analysts predict that Advanced Micro Devices, Inc. it will record 2.62 EPS for the current year.

Wall Street analysts predict growth

Many analysts have recently commented on AMD stock. Bank of America increased their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Jefferies Financial Group began covering shares of Advanced Micro Devices in a report on Monday, May 13th. They set a “buy” rating and a $190.00 price target on the stock. In a report on Tuesday, April 16, HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the stock from $180.00 to $225.00. Barclays increased their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Finally, Wedbush reaffirmed an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. One analyst rated the company with a sell rating, two with a hold rating, and twenty-eight gave the company a buy rating. According to MarketBeat data, the company currently has a consensus rating of “Moderate Buy” and an average price target of $185.26.

View our latest stock report on advanced micro devices

Insiders place their bets

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 165,650 shares of company stock worth $31,761,199. Currently, corporate insiders own 0.73% of the shares.

Advanced Micro Devices company 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 x86 microprocessors and 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.

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