Bowman & Co SC purchases 170 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bowman & Co SC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) up 2.3% in Q1, according to its latest 13F filing with the Securities and Exchange Commission. The fund owned 7,432 shares of the semiconductor maker after purchasing an additional 170 shares during the quarter. Bowman & Co SC’s holdings in Advanced Micro Devices were worth $1,341,000, according to its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently changed their positions in the stock. Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor maker’s stock worth $20,997,873,000 after acquiring an additional 2,390,558 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Advanced Micro Devices by 2.2% in the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor maker’s stock worth $4,181,849,000 after acquiring an additional 600,638 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Advanced Micro Devices by 10.2% in the fourth quarter. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares during the last quarter. Jennison Associates LLC increased its holdings in Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after acquiring an additional 1,490,997 shares during the last quarter. Finally, Norges Bank bought new shares of Advanced Micro Devices during the fourth quarter worth approximately $3,426,529,000. 71.34% of the shares are in the hands of institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14. The shares were sold at an average price of $158.94, for a total transaction value of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders own 0.73% of the company’s stock.

Wall Street analysts predict growth

Multiple equities analysts have commented on AMD stock. Morgan Stanley lowered shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock in a report on Monday, June 10. Benchmark lowered the price target on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” price in a report on Thursday, May 2. Evercore ISI lowered the price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” price in a report on Wednesday, May 1. KeyCorp lowered the price target on shares of Advanced Micro Devices from $270.00 to $230.00 and set the price to “overweight” in a report on Wednesday, May 1. Finally, Mizuho lowered their price target for shares of Advanced Micro Devices from $235.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1. One analyst rated the stock a sell, three gave a hold rating, and twenty-seven gave the stock a buy rating. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.83, according to data from MarketBeat.com.

Check out our latest stock report on advanced micro devices

Advanced micro device prices

AMD opened the trading session on Thursday at $157.54. The company has a market capitalization of $254.63 billion, a P/E ratio of 231.68, a PEG ratio of 1.85 and a beta of 1.69. The company has a 50-day moving average of $158.65 and a 200-day moving average of $164.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released 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 estimates 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 was up 2.2% year-over-year. During the same quarter last year, the company earned $0.43 per share. On average, analysts expect that Advanced Micro Devices, Inc. will see 2.61 EPS.

About Advanced Micro Devices

(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.

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