Advanced Micro Devices, Inc. Stock (NASDAQ:AMD) purchased by United Services Automobile Association

United Services Automobile Association increased its position in shares of Advanced Micro Devices, Inc., according to its latest filing with the SEC. (NASDAQ:AMD – Free Report) up 10.2% in the fourth quarter. The company owned 48,245 shares of the semiconductor maker’s stock after acquiring an additional 4,478 shares during the quarter. At the end of the last reporting period, the value of United Services Automobile Association’s shares in Advanced Micro Devices was $7,112,000.

A number of other institutional investors also modified their holdings in AMD. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. In the fourth quarter, Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices worth approximately $29,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Addison Advisors LLC increased its holdings in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors hold 71.34% of the company’s shares.

Confidential activity at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock valued at $457,151.76. The transaction was disclosed in a filing with the Securities and Exchange Commission, available at this link. In other news, VP 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 sale, the executive vice president now owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities and Exchange Commission, available at this link. Additionally, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08 for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The announcement of this sale can be found here. In the last quarter, insiders sold 165,650 shares of company stock worth $31,761,199. 0.65% of the shares are owned by insiders.

Analyst Upgrades and Downgrades

Several equity research analysts commented on AMD stock. KeyCorp lowered their target price on Advanced Micro Devices from $270.00 to $230.00 and set an “outperform” rating on the company in a research note on Wednesday, May 1st. The Goldman Sachs Group raised their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Evercore ISI lowered their target price on Advanced Micro Devices from $200.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. On Wednesday, May 1, Rosenblatt Securities maintained a “buy” rating and set a price target on shares of Advanced Micro Devices at $250.00. Finally, Benchmark lowered their target price on Advanced Micro Devices from $245.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. One investment analyst rated the company’s shares with a sell rating, two with a hold rating, and twenty-eight issued a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $185.26.

Read our latest analysis for AMD

Advanced Micro Devices – 3.6% Inventory Increase

Shares of Advanced Micro Devices rose $6.01 during trading hours on Tuesday, reaching $172.37. 35,522,336 shares of the company were traded with average volume of 67,837,477. Advanced Micro Devices, Inc. it has a 1-year low of $93.11 and a 1-year high of $227.30. The stock’s fifty-day moving average is $163.77 and its 200-day moving average is $158.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market capitalization of $278.60 billion, a PE ratio of 253.55, a PEG ratio of 1.91 and a beta of 1.66.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last released its earnings results on Tuesday, April 30th. The semiconductor maker reported EPS of $0.62 for the quarter, $0.01 above the consensus estimate of $0.61. The company’s revenue for the quarter was $5.47 billion, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’ revenue for the quarter increased 2.2% compared to the same quarter last year. During the same quarter last year, the company reported earnings per share of $0.43. Stock research analysts predict that as a group, Advanced Micro Devices, Inc. will report 2.62 earnings per share for the current year.

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 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.

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