Hennion & Walsh Asset Management Inc. invests $264,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hennion & Walsh Asset Management Inc. acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the 1st quarter, according to the company’s latest SEC filing. The fund purchased 1,463 shares of the semiconductor manufacturer worth approximately $264,000.

Several other institutional investors also recently modified their holdings in AMD. Norges Bank acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor maker’s stock valued at $685,089,000 after purchasing an additional 4,138,612 shares during the period. International Assets Investment Management LLC increased its holdings in Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares during the period. Capital World Investors increased its holdings in Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock valued at $688,190,000 after purchasing an additional 2,982,704 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Institutional investors and hedge funds hold 71.34% of the company’s shares.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $163.90 on Friday. Advanced Micro Devices, Inc. has a yearly low of $93.11 and a yearly high of $227.30. The company has a market capitalization of $264.91 billion, a P/E ratio of 241.03, a P/E/G ratio of 1.90 and a beta of 1.68. The company’s 50 day moving average price is $159.78 and a 200 day moving average price is $165.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a current ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share for the quarter, beating 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 the consensus estimate of $5.48 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The company’s quarterly revenue increased 2.2% year-over-year. Equity analysts expect Advanced Micro Devices, Inc. to report earnings of $2.61 per share for the current year.

Internal Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14. The shares were sold at an average price of $158.94, for a total of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . 0.65% of the stock is currently owned by corporate insiders.

Wall Street analysts predict growth

Multiple research analysts have commented on AMD stock. UBS Group lowered their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1. Jefferies Financial Group initiated coverage of Advanced Micro Devices in a research note on Monday, May 13. The company issued a “buy” rating and a $190.00 price target on the stock. TD Cowen raised their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18. HSBC raised their price target on shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the company from $180.00 to $225.00 in a research note on Tuesday, April 16. Finally, Citigroup lowered their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the stock in a research note on Wednesday, May 1. One equities research analyst rated the stock a sell, three gave a hold rating, and twenty-seven gave the company a buy rating. The company has an average rating of “Moderate Buy” and an average price target of $190.83 according to MarketBeat.

Check out our latest AMD report

Advanced Micro Devices Company Profile

(Free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center and professional GPUs; and embedded processors, as well as 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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