1,123 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) purchased by Red Door Wealth Management LLC

Red Door Wealth Management LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – free report) during the first quarter, according to its latest disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,123 shares of the semiconductor maker worth about $203,000.

A number of other hedge funds also recently modified their holdings in AMD. Morningstar Investment Services LLC acquired new shares of Advanced Micro Devices in the third quarter worth about $214,000. Gotham Asset Management LLC increased its holding in shares of Advanced Micro Devices by 32.8% in the third quarter. Gotham Asset Management LLC now owns 48,028 shares of the semiconductor maker worth $4,938,000 after purchasing an additional 11,868 shares during the period. United Services Automobile Association increased its position in shares of Advanced Micro Devices by 15.7% in the third quarter. United Services Automobile Association now owns 43,767 shares of the semiconductor maker worth $4,500,000 after purchasing an additional 5,930 shares in the last quarter. According to Stirling Capital Management LLC. acquired a new position in shares of Advanced Micro Devices in the third quarter worth $379,000. Finally, during the third quarter, Lazard Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 1,296.7%. Lazard Asset Management LLC now owns 894,751 shares of the semiconductor maker’s stock valued at $91,997,000 after acquiring an additional 830,690 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Changes in analyst ratings

Several research firms have commented on AMD. Roth Mkm lowered their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the stock in a research report on Wednesday, May 1. Susquehanna increased their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10. Benchmark lowered their price target on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 2. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1. Finally, Cantor Fitzgerald lowered their price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the stock in a research report on Wednesday, May 1. One equities research analyst rated the stock a sell, three rated it a hold, and twenty-seven rated it a buy. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Get our latest stock analysis for AMD

Advanced Micro Devices — Stocks up 1.7%

On Monday, AMD opened at $162.21. The company has a market capitalization of $262.18 billion, a PE ratio of 238.54, a price-to-earnings growth ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. it has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a 50-day moving average price of $159.12 and a 200-day moving average price of $165.24. 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 (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share for the quarter, $0.01 above the analyst consensus 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 return on equity of 5.72% and a net margin of 4.89%. The company’s revenue increased 2.2% year-over-year for the quarter. During the same quarter last year, the company saw EPS of $0.43. Sell-side analysts expect Advanced Micro Devices, Inc. to post earnings per share of 2.61 for the current fiscal year.

Confidential activity

In other Advanced Micro Devices news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, June 14. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a document filed with the SEC, which can be accessed at this link. Company insiders own 0.73% of the company’s shares.

About advanced micro devices

(Free report)

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.

Changes in analyst ratings

Advanced Micro Devices — Stocks up 1.7%

Confidential activity

About advanced micro devices

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