Advanced Micro Devices, Inc. Stock (NASDAQ:AMD) purchased by Raleigh Capital Management Inc.

According to the latest 13F filing with the Securities and Exchange Commission, Raleigh Capital Management Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) up 79.2% in the fourth quarter. The company owned 552 shares of the semiconductor maker’s stock after acquiring an additional 244 shares during the quarter. According to a recent filing with the Securities and Exchange Commission, shares of Raleigh Capital Management Inc. at Advanced Micro Devices were worth $81,000.

A number of other institutional investors also modified their holdings in AMD. Bare Financial Services Inc acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at $29,000. In the fourth quarter, Gables Capital Management Inc. acquired new shares of Advanced Micro Devices stock worth approximately $29,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Addison Advisors LLC grew its position in the Advanced Micro Devices segment by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock valued at $31,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds hold 71.34% of the company’s shares.

Analyst Upgrades and Downgrades

AMD has been the subject of several reports from research analysts. Truist Financial lowered their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. Susquehanna increased their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 10. TD Cowen increased their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Morgan Stanley downgraded Advanced Micro Devices from “overweight” to “equal weight” and set a price target for the stock at $176.00. in a research note dated Monday, June 10. Rosenblatt Securities ultimately reissued a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One equity research analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven issued a buy rating. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $190.83.

Get our latest stock analysis on AMD

Buying and selling confidential information at Advanced Micro Devices

In related news, Vice President 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 value 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 transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. 0.73% of the shares belong to corporate insiders.

Advanced prices for micro devices

On Friday, NASDAQ AMD opened at $159.63. The company has a market capitalization of $258.01 billion, a PE ratio of 234.75, a P/E/G ratio of 1.85 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. Advanced Micro Devices, Inc. it has a 12 month low of $93.11 and a 12 month high of $227.30. The company’s 50-day simple moving average is $159.73 and its 200-day simple moving average is $162.67.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported EPS of $0.62 for the quarter, which was $0.01 ahead of analyst consensus estimates of $0.61. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue for the quarter was $5.47 billion, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the company earned $0.43 EPS. The company’s quarterly revenues increased by 2.2% compared to the same quarter last year. Stock research analysts predict that as a group, Advanced Micro Devices, Inc. it will achieve 2.61 EPS in the current fiscal year.

About advanced micro devices

(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.

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