Austin Wealth Management LLC invests $276,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Austin Wealth Management LLC has acquired a new position in shares of Advanced Micro Devices, Inc., according to its latest 13F filing with the Securities and Exchange Commission. (NASDAQ:AMD – Free Report) in the fourth quarter. The fund purchased 1,875 shares of the semiconductor maker worth about $276,000.

Several other institutional investors also recently modified their holdings in the company. 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 fourth quarter worth approximately $29,000. During the fourth quarter, Gables Capital Management Inc. acquired a new position in Advanced Micro Devices worth approximately $29,000. Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Addison Advisors LLC increased its holdings in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock valued at $31,000 after purchasing an additional 62 shares in the last quarter. 71.34% of the shares are currently held by institutional investors and hedge funds.

A Wall Street analyst weighs in

AMD has been the subject of many recent research reports. DZ Bank upgraded Advanced Micro Devices from a “hold” to a “buy” rating and set a price target for the company at $190.00 in a report on Tuesday, May 7. Truist Financial lowered their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. Cantor Fitzgerald lowered their target price on shares of Advanced Micro Devices from $190.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Benchmark lowered their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Jefferies Financial Group initiated coverage on shares of Advanced Micro Devices in a report on Monday, May 13th. They gave the company a “buy” rating and a target price of $190.00. One equity market analyst rated the company with a sell rating, three with a hold rating, and twenty-seven with a buy rating. According to MarketBeat data, the company has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Check out our latest report on advanced micro devices

Advanced Micro Devices Confidential Transactions

In other news, VP Mark D. Papermaster sold 16,200 shares of the company’s stock on Monday, April 15. The shares were sold at an average price of $164.25, for a total transaction amount of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The transaction was disclosed in a filing with the SEC, available at this link. Currently, corporate insiders own 0.73% of the shares.

The turnover of advanced micro devices decreased by 0.2%

NASDAQ AMD shares opened on Friday at $159.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. it has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a 50-day moving average price of $159.73 and a two-hundred-day moving average price of $162.67. The company has a market capitalization of $258.01 billion, a P/E ratio of 234.75, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, which beat 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 expectations of $5.48 billion. During the same period last year, the company reported earnings per share of $0.43. Advanced Micro Devices’ revenue for the quarter increased 2.2% compared to the same quarter last year. As a group, stock analysts forecast that Advanced Micro Devices, Inc. will record 2.61 EPS this 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 microprocessors and x86 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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