Azzad Asset Management Inc. ADV Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Azzad Asset Management Inc. ADV increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 9.8% in the first quarter, according to the company’s latest filing with the Securities & Exchange Commission. The fund holds 10,898 shares of the semiconductor maker after acquiring an additional 970 shares during the period. Azzad Asset Management Inc. ADV’s stake in Advanced Micro Devices was worth $1,967,000 at the end of the last reporting period.

Several other hedge funds also recently added to or decreased their holdings in AMD. Axxcess Wealth Management LLC increased its stake in Advanced Micro Devices by 47.6% in the third quarter. Axxcess Wealth Management LLC now owns 19,535 shares of the semiconductor maker’s stock worth $2,009,000 after purchasing an additional 6,303 shares in the last quarter. EULAV Asset Management increased its stake in Advanced Micro Devices by 29.5% in the third quarter. EULAV Asset Management now owns 145,000 shares of the semiconductor maker’s stock worth $14,909,000 after purchasing an additional 33,000 shares in the last quarter. Legacy Advisors LLC increased its stake in Advanced Micro Devices by 17.3% in the third quarter. Legacy Advisors LLC now owns 2,310 shares of the semiconductor maker’s stock worth $238,000 after purchasing an additional 340 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its holdings in Advanced Micro Devices by 19.6% in the third quarter. Key Client Fiduciary Advisors LLC now owns 5,321 shares of the semiconductor maker’s stock worth $547,000 after purchasing an additional 871 shares in the last quarter. Finally, Kepos Capital LP bought a new stake in Advanced Micro Devices in the third quarter valued at $5,141,000. 71.34% of the stock is now owned by hedge funds and other institutional investors.

Wall Street analysts assess

AMD has been the subject of numerous research reports. Susquehanna raised their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 10. HSBC raised their rating on Advanced Micro Devices from a “hold” to a “buy” and raised their price target on the stock from $180.00 to $225.00 in a research note on Tuesday, April 16. TD Cowen raised their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18. UBS Group lowered their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1. Finally, Evercore ISI lowered their price target for Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1. One analyst rated the stock a sell, three gave a hold rating, and twenty-seven gave the company a buy rating. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $190.83.

Read our latest AMD stock analysis

Buying and selling confidential information

In related news, EVP 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 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 approximately $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices shares down 0.2%

Shares of NASDAQ AMD opened at $163.90 on Thursday. The company’s 50-day average price is $159.54 and its 200-day average price is $165.56. The company has a current liquidity ratio of 2.64, a current ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $264.91 billion, a price-to-earnings ratio of 241.03, a P/E/G ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-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 (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the company earned $0.43 EPS. The company’s revenue increased by 2.2% compared to the same quarter last year. Equity research analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS 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.

Further reading

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