McAlister Sweet & Associates Inc. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

McAlister Sweet & Associates Inc. acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,206 shares of the semiconductor manufacturer’s stock, valued at approximately $218,000. Advanced Micro Devices makes up about 0.2% of McAlister Sweet & Associates Inc.’s holdings, making the stock its 29th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Modus Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at about $263,000. General Partner Inc. lifted its position in Advanced Micro Devices by 7.6% during the 1st quarter. General Partner Inc. now owns 1,906 shares of the semiconductor manufacturer’s stock worth $344,000 after acquiring an additional 134 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $5,115,000. PNC Financial Services Group Inc. lifted its position in Advanced Micro Devices by 0.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 282,557 shares of the semiconductor manufacturer’s stock worth $41,652,000 after acquiring an additional 919 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Advanced Micro Devices by 1,770,000.0% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 35,402 shares of the semiconductor manufacturer’s stock worth $5,219,000 after acquiring an additional 35,400 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD traded down $3.77 during mid-day trading on Tuesday, reaching $154.63. The company had a trading volume of 51,693,804 shares, compared to its average volume of 65,895,055. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company’s 50-day moving average is $159.50 and its 200-day moving average is $163.20. The company has a market capitalization of $249.93 billion, a P/E ratio of 227.67, a P/E/G ratio of 1.85 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other 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 transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday. Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Jefferies Financial Group began coverage on Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 price objective for the company. UBS Group lowered their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Truist Financial reduced their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $190.83.

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.