Investor s Fiduciary Advisor Network LLC Invests $1.10 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Investor s Fiduciary Advisor Network LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 9,115 shares of the semiconductor manufacturer’s stock, valued at approximately $1,101,000.

A number of other large investors have also recently bought and sold shares of the business. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $25,000. Greenline Partners LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Summit Securities Group LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $32,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 1.1 %

Shares of NASDAQ AMD opened at $102.84 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The firm’s 50-day simple moving average is $97.41 and its 200 day simple moving average is $116.40. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $166.22 billion, a price-to-earnings ratio of 103.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices’s revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMD. Susquehanna lowered their target price on shares of Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating on the stock in a research note on Thursday, April 24th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Sanford C. Bernstein cut their price objective on Advanced Micro Devices from $125.00 to $95.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. Roth Capital set a $140.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Argus set a $160.00 price target on Advanced Micro Devices in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.13.

Advanced Micro Devices Profile

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.