Advanced Micro Devices, Inc. Stock (NASDAQ:AMD) purchased by GW&K Investment Management LLC

GW&K Investment Management LLC has increased its holdings in Advanced Micro Devices, Inc., according to its latest disclosure to the Securities and Exchange Commission (SEC). (NASDAQ:AMD – Free Report) up 11.5% in the fourth quarter. The fund owned 822 shares of the semiconductor maker after purchasing an additional 85 shares during the quarter. At the end of the last quarter, GW&K Investment Management LLC’s stock in Advanced Micro Devices was worth $121,000.

Several other hedge funds also recently bought and sold shares of 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 purchased a new position in Advanced Micro Devices during the 4th quarter valued at $29,000. During the fourth quarter, Gables Capital Management Inc. acquired a new position in Advanced Micro Devices worth $29,000. Kathleen S. Wright Associates Inc. purchased a new position in Advanced Micro Devices during the fourth quarter for 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. Hedge funds and other institutional investors hold 71.34% of the company’s shares.

Advanced micro device stocks fell 3.1%

On Friday, AMD opened at $160.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market capitalization of $259.30 billion, a PE ratio of 235.93, a P/E/G ratio of 1.90 and a beta ratio of 1.66. The stock’s fifty-day moving average is $164.75 and its 200-day moving average is $157.32. Advanced Micro Devices, Inc. it has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) released its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported earnings per share of $0.62 for the quarter, $0.01 above analysts’ consensus estimates of $0.61. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices revenues increased 2.2% year-over-year. During the same period last year, the company earned $0.43 EPS. On average, stock analysts predict that Advanced Micro Devices, Inc. will report 2.62 EPS for the current financial year.

Analysts set new price targets

Many research firms have recently published reports on AMD. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on shares of the company’s stock in a research note on Tuesday, May 7th. Benchmark lowered their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Truist Financial lowered their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company 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 note on Wednesday, May 1st. Finally, Citigroup lowered their target price on Advanced Micro Devices from $192.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One investment analyst rated the company’s shares with a sell rating, two with a hold rating, and twenty-eight rated the company’s shares with a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.26.

Read our latest research report on AMD

Buying and selling confidential information

In other news, on Thursday, February 29th, CAO Darla M. Smith sold 1,678 shares of the company’s stock. The shares were sold at an average price of $188.66 for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a document filed with the Securities and Exchange Commission, available at this hyperlink. In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66 for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a legal filing filed with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Additionally, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock on Friday, March 15. The shares were sold at an average price of $186.73 for a total value of $3,025,026.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The announcement of this sale can be found here. Over the last ninety days, insiders have sold 165,650 shares of company stock worth $31,761,199. Corporate insiders own 0.73% 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 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.

Advanced micro device stocks fell 3.1%

Analysts set new price targets

Buying and selling confidential information

Advanced Micro Devices company profile

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