Sei Investments Co. Acquires 77,683 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sei Investments Co. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,366,973 shares of the semiconductor manufacturer’s stock after purchasing an additional 77,683 shares during the quarter. Sei Investments Co.’s holdings in Advanced Micro Devices were worth $186,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Hartford Financial Management Inc. increased its stake in shares of Advanced Micro Devices by 250.0% in the 1st quarter. Hartford Financial Management Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 250 shares during the last quarter. Total Clarity Wealth Management Inc. bought a new stake in Advanced Micro Devices in the first quarter valued at approximately $27,000. Oder Investment Management LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth $30,000. Winch Advisory Services LLC boosted its position in shares of Advanced Micro Devices by 287.1% during the first quarter. Winch Advisory Services LLC now owns 391 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 290 shares in the last quarter. Finally, Sittner & Nelson LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $32,000. 67.59% of the stock is owned by institutional investors and hedge funds.

Several research analysts have weighed in on the company. Susquehanna Bancshares lifted their target price on Advanced Micro Devices from $115.00 to $125.00 and gave the stock a “positive” rating in a report on Wednesday, April 28th. KeyCorp assumed coverage on shares of Advanced Micro Devices in a research note on Thursday, May 20th. They issued a “sector weight” rating for the company. Raymond James lifted their price target on Advanced Micro Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. Susquehanna upped their price objective on Advanced Micro Devices from $115.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, April 28th. Finally, Mizuho lifted their target price on Advanced Micro Devices from $105.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the company. Advanced Micro Devices presently has an average rating of “Buy” and an average target price of $96.74.

Shares of Advanced Micro Devices stock traded up $0.19 on Thursday, reaching $80.15. 442,233 shares of the stock were exchanged, compared to its average volume of 44,405,707. Advanced Micro Devices, Inc. has a one year low of $48.42 and a one year high of $99.23. The stock has a market cap of $97.38 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 1.22 and a beta of 2.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.94 and a current ratio of 2.51. The firm’s 50 day simple moving average is $79.73.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Advanced Micro Devices had a return on equity of 35.31% and a net margin of 25.24%. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.20 billion. The business’s quarterly revenue was up 92.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 earnings per share. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 1.9 earnings per share for the current fiscal year.

In other Advanced Micro Devices news, EVP Rick Bergman sold 2,000 shares of the stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $81.97, for a total transaction of $163,940.00. Following the completion of the sale, the executive vice president now directly owns 69,891 shares in the company, valued at approximately $5,728,965.27. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 1,055 shares of Advanced Micro Devices stock in a transaction dated 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 three months, insiders sold 406,782 shares of company stock worth $32,480,713. 1.00% of the stock is currently owned by insiders.

Advanced Micro Devices Profile

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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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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