&Partners purchases 7,474 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

&Partners has acquired a new position in shares of Advanced Micro Devices, Inc., according to a recent filing with the Securities and Exchange Commission. (NASDAQ:AMD – Free Report) in the first quarter. The fund purchased 7,474 shares of the semiconductor maker worth approximately $1,355,000.

A number of other hedge funds and other institutional investors have also recently increased or decreased their holdings in AMD. Addison Advisors LLC increased its holdings in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock valued at $31,000 after acquiring an additional 62 shares during the period. Schear Investment Advisers LLC increased its position in shares of Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor maker’s stock valued at $2,323,000 after purchasing an additional 64 shares in the last quarter. Fiduciary Group LLC increased its holdings in Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor maker’s stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in Advanced Micro Devices by 0.3% during the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor maker’s stock valued at $2,793,000 after purchasing an additional 65 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its position in the Advanced Micro Devices segment by 0.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor maker’s stock valued at $1,560,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors hold 71.34% of the company’s shares.

Advanced storage efficiency of micro devices

NASDAQ AMD lost $0.55 during Friday’s session, reaching $161.23. The trading volume of the company’s shares was 61,334,699 shares, while the average trading volume was 48,649,304. Advanced Micro Devices, Inc. it has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt to equity ratio of 0.03. The company has a market capitalization of $260.60 billion, a P/E ratio of 237.11, a price-to-earnings ratio of 1.87 and a beta of 1.69. The company has a 50-day moving average price of $158.71 and a 200-day moving average price of $163.98.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) released its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, $0.01 above the consensus estimate of $0.61. 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 was $5.47 billion, compared to analyst estimates of $5.48 billion. During the same period last year, the company reported earnings per share of $0.43. The company’s quarterly revenues increased by 2.2% compared to the same quarter last year. Stock research analysts predict that Advanced Micro Devices, Inc. will report 2.61 earnings per share for the current financial year.

Changes in analyst ratings

Many stock analysts have recently published reports on AMD stock. On Monday, May 13, Jefferies Financial Group launched a discussion on advanced micro devices. They issued a “buy” rating and a $190.00 price target for the stock. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Citigroup lowered their target price on Advanced Micro Devices from $192.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. Cantor Fitzgerald lowered their price objective on Advanced Micro Devices from $190.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Finally, Mizuho lowered their target price on Advanced Micro Devices from $235.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One investment analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven gave a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Get our latest stock report on advanced micro devices

Insiders place their bets

In other news, VP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction amount of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available at this hyperlink. Corporate insiders own 0.73% of the company’s shares.

About advanced micro devices

(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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