Able Wealth Management LLC acquires new shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Able Wealth Management LLC has acquired new shares in Advanced Micro Devices, Inc., according to its latest 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMD – Free Report) in the fourth quarter. The fund purchased 1,107 shares of the semiconductor maker worth approximately $163,000.

A number of other institutional investors have also recently adjusted their holdings in AMD. In the third quarter, Vanguard Group Inc. strengthened its position in the Advanced Micro Devices segment by 0.8%. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor maker’s stock valued at $14,400,437,000 after purchasing an additional 1,153,611 shares in the last quarter. Fisher Asset Management LLC strengthened its position in Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor maker’s stock worth $4,181,849,000 after purchasing an additional 600,638 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor maker’s stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares in the last quarter. Jennison Associates LLC increased its position in shares of Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor maker’s stock worth $3,963,307,000 after acquiring an additional 1,490,997 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $3,426,529,000. 71.34% of the shares are currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Confidential Transactions

In other news, VP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction amount of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Insiders own 0.73% of the company’s shares.

The turnover of advanced micro devices decreased by 0.2%

NASDAQ AMD shares opened on Friday at $159.63. The stock’s 50-day moving average price is $159.73 and its two-hundred-day moving average price is $162.39. Advanced Micro Devices, Inc. it has a 52-week low of $93.11 and a 52-week high of $227.30. The market capitalization of the company’s stock is $258.01 billion, the P/E ratio is 234.75, the PEG ratio is 1.85 and the beta is 1.69. 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 announced its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, which was $0.01 ahead of analyst consensus estimates of $0.61. The company’s revenue for the quarter was $5.47 billion, compared to analyst expectations 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 quarterly revenue increased 2.2% year-over-year. During the same period last year, the company earned $0.43 EPS. On average, analysts predict that Advanced Micro Devices, Inc. will see 2.61 earnings per share in the current fiscal year.

Changes in analyst ratings

Many stock market analysts have recently commented on the company. Morgan Stanley downgraded Advanced Micro Devices from “overweight” to “equal weight” and set a price target for the company at $176.00. in the report of Monday, June 10. KeyCorp lowered their target price on Advanced Micro Devices from $270.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Susquehanna raised their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a report on Monday, June 10. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices on Wednesday, May 1st. Finally, Barclays increased their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. One analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven gave a buy rating. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of Moderate Buy and a consensus price target of $190.16.

Read our latest report on advanced micro devices

Advanced microdevice profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. 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.

Advanced Micro Devices Confidential Transactions

The turnover of advanced micro devices decreased by 0.2%

Changes in analyst ratings

Advanced microdevice profile

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