220,800 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Element Capital Management LLC

Element Capital Management LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 220,800 shares of the semiconductor manufacturer’s stock, valued at approximately $21,641,000. Advanced Micro Devices makes up about 1.6% of Element Capital Management LLC’s holdings, making the stock its 18th largest position.

A number of other institutional investors also recently bought and sold shares of the stock. Aspire Private Capital LLC purchased a new stake in Advanced Micro Devices in the first quarter worth about $12,055,230,000. Tucker Asset Management LLC purchased a new stake in Advanced Micro Devices in the first quarter worth about $31,000. Samalin Investment Counsel LLC grew its holdings in Advanced Micro Devices by 112.5% in the first quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 180 shares during the period. NewSquare Capital LLC grew its holdings in Advanced Micro Devices by 170.8% in the first quarter. NewSquare Capital LLC now owns 417 shares of the semiconductor manufacturer’s stock worth $41,000 after purchasing an additional 263 shares during the period. Finally, JNBA Financial Advisors grew its holdings in Advanced Micro Devices by 186.7% in the first quarter. JNBA Financial Advisors now owns 430 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 280 shares during the period. 68.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Harry A. Wolin sold 74,473 shares of Advanced Micro Devices stock in a transaction on Friday, June 9th. The shares were sold at an average price of $125.98, for a total value of $9,382,108.54. Following the sale, the senior vice president now directly owns 1,424,864 shares in the company, valued at approximately $179,504,366.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Advanced Micro Devices news, SVP Harry A. Wolin sold 74,473 shares of Advanced Micro Devices stock in a transaction on Friday, June 9th. The shares were sold at an average price of $125.98, for a total value of $9,382,108.54. Following the completion of the transaction, the senior vice president now directly owns 1,424,864 shares of the company’s stock, valued at approximately $179,504,366.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the completion of the transaction, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at $11,010,047.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 301,116 shares of company stock worth $35,952,543. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $1.98 on Wednesday, hitting $108.80. 29,745,114 shares of the stock traded hands, compared to its average volume of 64,418,961. The firm has a market cap of $175.78 billion, a price-to-earnings ratio of -5,525.24, a PEG ratio of 6.07 and a beta of 1.80. Advanced Micro Devices, Inc. has a 52 week low of $54.57 and a 52 week high of $132.83. The firm has a 50 day simple moving average of $111.15 and a two-hundred day simple moving average of $103.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.18 and a quick ratio of 1.58.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. Advanced Micro Devices’s revenue for the quarter was down 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMD shares. Argus upped their price objective on shares of Advanced Micro Devices from $100.00 to $170.00 in a report on Thursday, June 15th. Mizuho increased their price target on shares of Advanced Micro Devices from $90.00 to $140.00 in a report on Wednesday, June 14th. Susquehanna increased their price target on shares of Advanced Micro Devices from $135.00 to $145.00 and gave the company a “positive” rating in a report on Wednesday, August 2nd. Benchmark increased their price target on shares of Advanced Micro Devices from $108.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Barclays increased their price target on shares of Advanced Micro Devices from $90.00 to $145.00 in a report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.19.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.