IHT Wealth Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,618 shares of the semiconductor manufacturer’s stock after acquiring an additional 806 shares during the quarter. IHT Wealth Management LLC’s holdings in Advanced Micro Devices were worth $677,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. tru Independence LLC bought a new position in Advanced Micro Devices in the fourth quarter valued at about $19,261,000. Total Clarity Wealth Management Inc. bought a new position in shares of Advanced Micro Devices in the first quarter worth about $27,000. Sittner & Nelson LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $32,000. Hartford Financial Management Inc. raised its stake in shares of Advanced Micro Devices by 250.0% in the first quarter. Hartford Financial Management Inc. now owns 350 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 250 shares during the period. Finally, Tradition Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 680.0% in the first quarter. Tradition Wealth Management LLC now owns 390 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 340 shares during the period. 67.57% of the stock is currently owned by institutional investors.
In related news, EVP Mark D. Papermaster sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $88.81, for a total transaction of $4,884,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Darla M. Smith sold 1,055 shares of the firm’s stock in a transaction that occurred on Tuesday, May 11th. The stock was sold at an average price of $73.39, for a total value of $77,426.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 523,070 shares of company stock valued at $42,215,787. Company insiders own 1.00% of the company’s stock.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Monday, April 26th. The semiconductor manufacturer reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.08. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Advanced Micro Devices had a return on equity of 35.31% and a net margin of 25.24%. The company’s quarterly revenue was up 92.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. Equities analysts expect that Advanced Micro Devices, Inc. will post 1.91 EPS for the current year.
Several research firms have recently commented on AMD. Raymond James raised their price objective on Advanced Micro Devices from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Susquehanna raised their price objective on Advanced Micro Devices from $115.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, April 28th. Susquehanna Bancshares raised their price objective on Advanced Micro Devices from $115.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, April 28th. Benchmark began coverage on Advanced Micro Devices in a research note on Friday, May 28th. They issued a “buy” rating and a $100.00 price objective on the stock. Finally, Citigroup raised Advanced Micro Devices from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $95.00 in a research note on Thursday, July 15th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company’s stock. Advanced Micro Devices currently has an average rating of “Buy” and an average target price of $96.69.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.
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