Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,115 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,042 shares during the quarter. Linscomb Wealth Inc.’s holdings in Advanced Micro Devices were worth $2,367,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMD. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock valued at $685,089,000 after buying an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after acquiring an additional 3,714,069 shares during the period. Capital World Investors boosted its stake in shares of Advanced Micro Devices by 176.9% during the 4th quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after acquiring an additional 2,982,704 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.2 %

Shares of AMD traded up $1.67 during mid-day trading on Friday, hitting $139.99. 49,435,825 shares of the company’s stock were exchanged, compared to its average volume of 50,984,088. The stock’s 50-day moving average is $163.12 and its 200-day moving average is $168.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a market cap of $226.27 billion, a price-to-earnings ratio of 205.87, a P/E/G ratio of 1.60 and a beta of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMD shares. Morgan Stanley lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 target price on the stock. in a research report on Monday, June 10th. Citigroup lifted their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, Susquehanna reiterated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $194.97.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company 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.