Abbot Financial Management Inc. Takes $253,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Abbot Financial Management Inc. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,583 shares of the semiconductor manufacturer’s stock, valued at approximately $253,000.

A number of other large investors also recently modified their holdings of AMD. UMB Bank n.a. lifted its position in Advanced Micro Devices by 1.4% during the first quarter. UMB Bank n.a. now owns 7,569 shares of the semiconductor manufacturer’s stock valued at $742,000 after purchasing an additional 108 shares during the last quarter. Liberty One Investment Management LLC lifted its position in Advanced Micro Devices by 5.0% during the first quarter. Liberty One Investment Management LLC now owns 2,247 shares of the semiconductor manufacturer’s stock valued at $220,000 after purchasing an additional 108 shares during the last quarter. Capital Advisory Group Advisory Services LLC lifted its position in Advanced Micro Devices by 2.9% during the first quarter. Capital Advisory Group Advisory Services LLC now owns 3,939 shares of the semiconductor manufacturer’s stock valued at $386,000 after purchasing an additional 112 shares during the last quarter. Continuum Advisory LLC lifted its position in Advanced Micro Devices by 2.1% during the first quarter. Continuum Advisory LLC now owns 5,452 shares of the semiconductor manufacturer’s stock valued at $466,000 after purchasing an additional 113 shares during the last quarter. Finally, Octavia Wealth Advisors LLC lifted its position in Advanced Micro Devices by 2.3% during the first quarter. Octavia Wealth Advisors LLC now owns 5,123 shares of the semiconductor manufacturer’s stock valued at $502,000 after purchasing an additional 114 shares during the last quarter. 68.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 14,942 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the transaction, the executive vice president now owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 14,942 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the transaction, the executive vice president now owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 31,701 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $111.49, for a total value of $3,534,344.49. Following the completion of the transaction, the executive vice president now directly owns 1,513,245 shares of the company’s stock, valued at approximately $168,711,685.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,643 shares of company stock valued at $13,490,584. 0.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMD shares. Mizuho lifted their price target on shares of Advanced Micro Devices from $90.00 to $140.00 in a research note on Wednesday, June 14th. Raymond James lifted their price target on shares of Advanced Micro Devices from $110.00 to $145.00 in a research note on Wednesday, June 14th. Citigroup raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $120.00 to $136.00 in a research note on Wednesday, August 2nd. StockNews.com started coverage on shares of Advanced Micro Devices in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Finally, Morgan Stanley reissued an “overweight” rating and set a $138.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $135.19.

Advanced Micro Devices Stock Down 0.5 %

Advanced Micro Devices stock traded down $0.50 during mid-day trading on Friday, reaching $106.09. The stock had a trading volume of 46,271,558 shares, compared to its average volume of 55,660,792. The company has a market capitalization of $171.41 billion, a price-to-earnings ratio of -5,301.85, a PEG ratio of 5.91 and a beta of 1.80. The company has a 50-day moving average price of $110.88 and a two-hundred day moving average price of $103.53. Advanced Micro Devices, Inc. has a one year low of $54.57 and a one year high of $132.83. 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, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations 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 was down 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.01 EPS for the current fiscal year.

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.