Mount Yale Investment Advisors LLC Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mount Yale Investment Advisors LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,180 shares of the semiconductor manufacturer’s stock after buying an additional 1,748 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $2,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AMD. Tradewinds Capital Management LLC increased its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the last quarter. Valued Wealth Advisors LLC grew its holdings in Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 70 shares during the period. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices during the fourth quarter worth approximately $28,000. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $29,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

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

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $0.24 during trading on Monday, hitting $139.75. The company had a trading volume of 45,908,664 shares, compared to its average volume of 63,456,188. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a market cap of $225.88 billion, a P/E ratio of 208.19, a PEG ratio of 1.62 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The business’s 50-day moving average is $163.12 and its 200 day moving average is $168.38.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The company 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 business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMD shares. Barclays reduced their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday. Evercore ISI cut their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Cantor Fitzgerald boosted their price objective on shares of Advanced Micro Devices from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. UBS Group cut their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company increased their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.07.

About Advanced Micro Devices

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.