1,832 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 1st quarter, according to the company’s latest SEC filing. The institutional investor bought 1,832 shares of the semiconductor maker worth approximately $331,000.

A number of other hedge funds and other institutional investors also recently changed their positions in the stock. Chase Investment Counsel Corp increased its holdings in shares of Advanced Micro Devices by 0.7% in the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor maker’s stock worth $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth about $231,000. Pathway Financial Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth about $229,000. Independence Bank of Kentucky increased its holdings in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor maker’s stock worth $541,000 after acquiring an additional 1,677 shares during the period. Finally, Fortis Capital Advisors LLC increased its holdings in Advanced Micro Devices by 137.8% in the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor maker’s stock worth $1,840,000 after purchasing an additional 7,235 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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 value of $2,574,828.00. Following the completion of the sale, the executive vice president now 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 SEC, which is available at this link . In other Advanced Micro Devices 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 value of $2,574,828.00. Following the completion of the sale, the Executive Vice President now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in documents filed with the Securities and Exchange Commission, which are available on the SEC’s website. Additionally, Executive Vice President Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15. The shares were sold at an average price of $184.50, for a total of $3,091,482.00. Following the sale, the Executive Vice President now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. Disclosure regarding this sale can be found here . 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices shares fall 10.2%

AMD opened the trading session on Thursday at $159.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a quick ratio of 2.64. Advanced Micro Devices, Inc. has a yearly low of $93.11 and a yearly high of $227.30. The company has a market capitalization of $257.69 billion, a P/E ratio of 234.46, a price-earnings-growth ratio of 2.08 and a beta of 1.68. The company has a 50 day moving average price of $164.21 and a 200 day moving average price of $167.90.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its earnings 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 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 analyst estimates of $5.48 billion. During the same period last year, the company earned $0.43 earnings per share. The company’s quarterly revenue increased 2.2% year-over-year. Sell-side analysts expect Advanced Micro Devices, Inc. to report earnings of $2.6 per share for the current year.

Wall Street analysts predict growth

Multiple analysts have recently commented on the company. Susquehanna raised their price objective for Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research note on Monday, June 10. Piper Sandler reissued an “overweight” rating and issued a $175.00 price target (down from $195.00) for shares of Advanced Micro Devices in a research note on Wednesday, May 1. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target for shares of Advanced Micro Devices in a research note on Wednesday, May 1. Evercore ISI lowered their price target for shares of 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. Finally, Roth Mkm lowered their price objective for Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the stock in a report on Wednesday, May 1. One research analyst rated the stock a sell, three gave a hold rating, and twenty-seven gave a buy rating to the company. The company currently has an average rating of “Moderate Buy” and an average price target of $193.47, according to data from MarketBeat.com.

Read our latest report on advanced micro devices

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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