G&S Capital LLC makes a new investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

G&S Capital LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the first quarter, according to the company’s most recent Form 13F filing with the SEC. The company acquired 6,162 shares of the semiconductor maker’s stock valued at approximately $1,112,000.

Other institutional investors have also recently modified their holdings in the company. About Shaughnessy Asset Management LLC strengthened its position in the Advanced Micro Devices segment by 9.0% in the third quarter. About Shaughnessy Asset Management LLC now owns 91,513 shares of the semiconductor maker’s stock valued at $9,409,000 after purchasing an additional 7,547 shares during the period. Numerai GP LLC acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $508,000. Mutual Advisors LLC increased its holdings in Advanced Micro Devices by 7.7% during the third quarter. Mutual Advisors LLC now owns 40,782 shares of the semiconductor maker’s stock valued at $4,193,000 after purchasing an additional 2,905 shares in the last quarter. Grupa Mater spółka z ograniczoną odpowiedzialnością increased its shares in Advanced Micro Devices by 21.0% in the third quarter. Mater Group Limited now owns 9,887 shares of the semiconductor maker’s stock valued at $1,017,000 after acquiring an additional 1,717 shares during the period. Finally, in the third quarter, Westfield Capital Management Co. LP increased its position in the Advanced Micro Devices segment by 37.6%. Westfield Capital Management Co. LP now owns 516,866 shares of the semiconductor maker’s stock valued at $53,144,000 after acquiring an additional 141,324 shares in the last quarter. 71.34% of the shares are currently held by institutional investors and hedge funds.

Upgrades and downgrades of analyst ratings

Several equities analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1. Benchmark lowered the price target on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, May 2. Citigroup lowered the price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1. HSBC raised the rating on shares of Advanced Micro Devices from a “hold” to a “buy” and increased the price target on the stock from $180.00 to $225.00 in a research report on Tuesday, April 16. Finally, Mizuho lowered their price target on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 1. One equities research analyst rated the stock a sell, three gave a hold rating, and twenty-seven gave a buy rating to the company. The stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.83 based on data from MarketBeat.com.

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Internal Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, June 14. The shares were sold at an average price of $158.94, for a total 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 an SEC filing, which can be accessed through this hyperlink . 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices stock performance

On Thursday, the NASDAQ AMD opened at $157.54. The company has a market capitalization of $254.63 billion, a price-to-earnings ratio of 231.68, a PEG ratio of 1.85 and a beta of 1.69. The stock has a 50-day simple moving average of $158.65 and a 200-day simple moving average of $164.76. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its financial results on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. 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 analysts’ expectations of $5.48 billion. During the same period last year, the company reported earnings per share of $0.43. The company’s revenue increased 2.2% year-over-year. Sell-side analysts expect Advanced Micro Devices, Inc. to report earnings per share of $2.61 for the current year.

About advanced micro devices

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Advanced Micro Devices, Inc. operates as a global semiconductor company. 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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