Gerber LLC has a $404,000 position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Gerber LLC has purchased new shares of Advanced Micro Devices, Inc., according to its latest disclosure to the Securities and Exchange Commission (SEC). (NASDAQ:AMD – Free Report) in the fourth quarter. The company purchased 2,740 shares of the semiconductor maker’s stock worth about $404,000.

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

The turnover of advanced micro devices decreased by 0.2%

AMD opened at $159.63 on Monday. The company’s 50-day moving average is $159.73 and its 200-day moving average is $162.94. Advanced Micro Devices, Inc. it has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt to equity ratio of 0.03. The company has a market capitalization of $258.01 billion, a P/E ratio of 234.75, a PEG 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 (EPS) for the quarter, $0.01 above the analyst consensus of $0.61. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s quarterly revenue increased 2.2% year-over-year. During the same quarter last year, the company earned $0.43 EPS. Stock research analysts predict that Advanced Micro Devices, Inc. will report 2.61 earnings per share for the current financial year.

Analysts set new price targets

Several analysts have recently published reports on the company. 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. On Wednesday, May 1, Piper Sandler reissued an “overweight” rating and set a price target on shares of Advanced Micro Devices of $175.00, up from $195.00. Roth Mkm lowered their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Mizuho lowered their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the stock in a research note on Tuesday, May 7th. One equity research analyst rated the company with a sell rating, three issued a hold rating, and twenty-seven gave the company a buy rating. Advanced Micro Devices currently has a consensus rating of Moderate Buy and a consensus price target of $190.83, according to MarketBeat.com.

See our latest AMD stock analysis

Insiders place their bets

In other news, VP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction 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 completion of the sale, the executive vice president now 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 at this hyperlink. Company insiders own 0.65% of the company’s shares.

Advanced Micro Devices company 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 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.

The turnover of advanced micro devices decreased by 0.2%

Analysts set new price targets

Insiders place their bets

Advanced Micro Devices company profile

Recommended articles