Kowal Investment Group LLC Makes New Investment of $200,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kowal Investment Group LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 1st quarter, according to the latest 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,110 shares of the semiconductor manufacturer worth approximately $200,000.

Several other institutional investors also increased or decreased their holdings in the stock. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices in Q3 worth about $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in Q4 worth about $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in Q4 worth about $29,000. MeadowBrook Investment Advisors LLC bought a new share of Advanced Micro Devices in Q4 worth about $29,000. Finally, Gables Capital Management Inc. bought a new share of Advanced Micro Devices in Q4 worth about $29,000. 71.34% of the shares are currently held by institutional investors.

Buying and selling confidential information

In related news, EVP 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 of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC’s website. 0.65% of the stock is currently owned by company insiders.

Wall Street analysts assess

Several analysts recently issued reports on the stock. KeyCorp lowered their price target on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1. 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. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price target on shares of Advanced Micro Devices (down from $195.00 previously) in a report on Wednesday, May 1. Wedbush reaffirmed an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1. Finally, TD Cowen raised their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18. One investment analyst rated the stock a “sell,” three gave a “hold” rating, and twenty-seven gave a “buy” rating. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $190.83.

See our latest AMD report

Sales of advanced microdevices fell 2.8%

Advanced Micro Devices, Inc.’s stock opened at $157.69 on Tuesday. The stock has a market capitalization of $254.88 billion, a P/E ratio of 231.90, a PEG ratio of 1.87, and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64, and a quick ratio of 1.92. The lowest value of Advanced Micro Devices, Inc. in a year was $93.11, and the highest was $227.30. The company’s 50-day average price is $159.12, and its 200-day average price is $165.24.

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 (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company reported earnings per share of $0.43. Equity analysts, on average, predict that Advanced Micro Devices, Inc. will report earnings of 2.61 per share for the current fiscal year.

Advanced Micro Devices Company Profile

(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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