1,615 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by Howard Capital Management Group LLC

Howard Capital Management Group LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,615 shares of the semiconductor manufacturer’s stock, valued at approximately $238,000.

A number of other hedge funds also recently bought and sold shares of AMD. Meridian Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 135.6% in the 3rd quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock worth $21,135,000 after purchasing an additional 118,090 shares during the period. Gendell Jeffrey L bought a new position in Advanced Micro Devices in the third quarter worth approximately $3,085,000. Sara Bay Financial purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $315,000. Victory Capital Management Inc. grew its position in shares of Advanced Micro Devices by 6.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,460,506 shares of the semiconductor manufacturer’s stock valued at $150,169,000 after acquiring an additional 86,571 shares during the period. Finally, UG Investment Advisers Ltd. purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $13,217,000. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMD. UBS Group boosted their price target on Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. TD Cowen raised their target price on shares of Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Roth Mkm upped their price target on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $181.82.

Read Our Latest Stock Report on AMD

Advanced Micro Devices Stock Down 0.6 %

Advanced Micro Devices stock opened at $178.63 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The business has a fifty day moving average price of $179.60 and a 200-day moving average price of $139.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The stock has a market capitalization of $285.81 billion, a price-to-earnings ratio of 343.52, a PEG ratio of 2.70 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter last year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 324,943 shares of company stock worth $59,919,994. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. 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, 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.

Further Reading

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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