Opal Wealth Advisors LLC holds a position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Opal Wealth Advisors LLC has purchased 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 first quarter. An institutional investor bought 1,323 shares of the semiconductor maker’s stock worth about $239,000.

Several other large investors also increased or decreased their stakes in AMD. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices during the third quarter valued at $27,000. Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices during the fourth quarter worth $28,000. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. Finally, Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Institutional investors and hedge funds hold 71.34% of the company’s shares.

Insiders place their bets

In other news, VP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. 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 document filed with the Securities and Exchange Commission, which can be accessed at this hyperlink. Company insiders own 0.73% of the company’s shares.

Trading of advanced micro devices decreased by 1.0%

AMD opened at $159.67 on Monday. The company’s 50-day moving average is $158.71 and its 200-day moving average is $164.31. 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 $258.08 billion, a P/E ratio of 237.11, a PEG ratio of 1.87 and a beta of 1.69.

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

Changes in analyst ratings

Several analysts have published reports on AMD stock. Morgan Stanley downgraded shares of Advanced Micro Devices from “overweight” to “equal weight” and set a price target for the stock at $176.00. in the research report on Monday, June 10. Benchmark lowered their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set the stock with a “buy” rating in a research report on Thursday, May 2nd. DZ Bank raised shares of Advanced Micro Devices from a “hold” to a “buy” and set a price target for the stock at $190.00 in a research report on Tuesday, May 7. In a research report on Saturday, June 15, StockNews.com downgraded shares of Advanced Micro Devices from a “hold” to a “sell”. Finally, Cantor Fitzgerald lowered their target price on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. One analyst rated the company’s shares with a sell recommendation, three with a hold recommendation, and twenty-seven gave the company’s shares a buy recommendation. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $190.83.

See our latest AMD stock analysis

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.

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