Advanced Micro Devices, Inc. (NASDAQ:AMD) shares sold by Park Place Capital Corp

Park Place Capital Corp reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 35.9% in the first quarter, according to its latest Securities & Exchange Commission filing. The fund owned 143 shares of the semiconductor maker after selling 80 shares during the quarter. Park Place Capital Corp’s stake in Advanced Micro Devices was worth $26,000, according to its latest SEC filing.

Other hedge funds also made changes to their positions in the company. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the third quarter worth $27,000. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth $28,000. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth $29,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth $29,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth $29,000. Institutional investors and hedge funds own 71.34% of the company’s shares.

Advanced Micro Devices shares rise 4.2%

NASDAQ:AMD opened at $164.31 on Wednesday. The company has a market capitalization of $265.58 billion, a price-to-earnings ratio of 241.05, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a one-year low of $93.11 and a one-year high of $227.30. The stock has a 50-day simple moving average of $159.30 and a 200-day simple moving average of $165.38. 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 (NASDAQ:AMD – Get Free Report) last released its quarterly financial results on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share for the quarter, topping analysts’ consensus 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 had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts are predicting that Advanced Micro Devices, Inc. will report earnings of $2.61 per share for the current fiscal year.

Analyst ratings upgrades and downgrades

Several analysts have recently commented on the company. Jefferies Financial Group covered Advanced Micro Devices in a research report on Monday, May 13. They issued a “buy” rating and a $190.00 price target for the stock. Evercore ISI lowered their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the stock in a research report on Wednesday, May 1. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the stock in a research report on Tuesday, May 7. Rosenblatt Securities re-issued a “buy” rating and set a $250.00 price target for the stock in a research report on Wednesday, May 1. Finally, Morgan Stanley lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target for the stock in a research report on Monday, June 10. One analyst rated the stock a “sell,” three gave a “hold” rating, and twenty-seven gave a “buy” rating. The stock has a consensus rating of “Moderate Buy” and a consensus price target of $190.83, according to data from MarketBeat.

Check out our latest stock analysis for Advanced Micro Devices

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . 0.65% of the stock is currently owned by insiders.

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.

Further reading

Get daily news and reviews on advanced micro devices – Enter your email address below to receive a concise summary of the latest news and analyst ratings for Advanced Micro Devices and related companies in MarketBeat.com’s FREE daily newsletter.