Traynor Capital Management Inc. grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 6.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,577 shares of the semiconductor manufacturer’s stock after buying an additional 4,056 shares during the quarter. Advanced Micro Devices accounts for about 0.9% of Traynor Capital Management Inc.’s holdings, making the stock its 23rd biggest position. Traynor Capital Management Inc.’s holdings in Advanced Micro Devices were worth $7,170,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. MBM Wealth Consultants LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $25,000. AlphaCentric Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth about $32,000. First Command Financial Services Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $34,000. Delos Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 95.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 115 shares in the last quarter. Finally, Level Financial Advisors Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $36,000. 69.61% of the stock is owned by institutional investors.
AMD has been the subject of several analyst reports. Benchmark raised their price target on shares of Advanced Micro Devices from $125.00 to $135.00 and gave the company a “buy” rating in a report on Friday, June 10th. Robert W. Baird reissued a “neutral” rating and set a $100.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, June 14th. Barclays lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $148.00 to $115.00 in a research note on Thursday, March 31st. downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, April 14th. Finally, Susquehanna cut their price objective on Advanced Micro Devices from $160.00 to $140.00 in a report on Wednesday, May 4th. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $139.79.
Shares of AMD opened at $83.75 on Thursday. The stock has a market capitalization of $135.72 billion, a P/E ratio of 31.13, a PEG ratio of 0.64 and a beta of 1.86. Advanced Micro Devices, Inc. has a twelve month low of $79.43 and a twelve month high of $164.46. The company has a quick ratio of 1.96, a current ratio of 2.40 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $93.31 and a two-hundred day simple moving average of $112.60.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The semiconductor manufacturer reported $1.02 EPS for the quarter, beating the consensus estimate of $0.83 by $0.19. The firm had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.57 billion. Advanced Micro Devices had a net margin of 17.98% and a return on equity of 20.66%. The company’s quarterly revenue was up 70.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 4.01 EPS for the current fiscal year.
About Advanced Micro Devices (Get Rating)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
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