McAdam LLC Takes $272,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

McAdam LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,847 shares of the semiconductor manufacturer’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its stake in shares of Advanced Micro Devices by 1.4% during the fourth quarter. Mather Group LLC. now owns 10,028 shares of the semiconductor manufacturer’s stock worth $1,478,000 after buying an additional 141 shares during the last quarter. Eagle Wealth Strategies LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $1,329,000. Silver Oak Securities Incorporated lifted its stake in shares of Advanced Micro Devices by 329.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 8,704 shares of the semiconductor manufacturer’s stock valued at $1,283,000 after purchasing an additional 6,679 shares during the period. Fiduciary Group LLC boosted its position in shares of Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 65 shares during the last quarter. Finally, Meridian Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 35.3% during the fourth quarter. Meridian Wealth Partners LLC now owns 4,040 shares of the semiconductor manufacturer’s stock worth $596,000 after purchasing an additional 1,055 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Up 1.8 %

NASDAQ:AMD opened at $160.20 on Tuesday. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The firm has a market capitalization of $258.91 billion, a price-to-earnings ratio of 308.08, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $177.19 and its two-hundred day moving average price is $151.21.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. UBS Group raised their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Evercore ISI began coverage on shares of Advanced Micro Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price objective on the stock. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Finally, Mizuho upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $184.68.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at $45,513,918.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is owned by company insiders.

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.