Consolidated Planning Corp Purchases Shares of 11,167 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Consolidated Planning Corp acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, Holdings Channel reports. The firm acquired 11,167 shares of the semiconductor manufacturer’s stock, valued at approximately $1,646,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Koshinski Asset Management Inc. increased its position in Advanced Micro Devices by 8.5% in the third quarter. Koshinski Asset Management Inc. now owns 4,659 shares of the semiconductor manufacturer’s stock worth $479,000 after buying an additional 366 shares in the last quarter. CX Institutional increased its holdings in Advanced Micro Devices by 1.2% in the 3rd quarter. CX Institutional now owns 9,354 shares of the semiconductor manufacturer’s stock worth $962,000 after acquiring an additional 114 shares in the last quarter. UMB Bank n.a. raised its stake in Advanced Micro Devices by 159.5% during the 3rd quarter. UMB Bank n.a. now owns 18,805 shares of the semiconductor manufacturer’s stock worth $1,934,000 after acquiring an additional 11,557 shares during the period. Jmac Enterprises LLC lifted its holdings in Advanced Micro Devices by 14.3% during the third quarter. Jmac Enterprises LLC now owns 4,762 shares of the semiconductor manufacturer’s stock valued at $490,000 after purchasing an additional 597 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in shares of Advanced Micro Devices by 1.7% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 7,467 shares of the semiconductor manufacturer’s stock worth $768,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 2.4 %

NASDAQ:AMD traded up $3.64 during mid-day trading on Friday, hitting $157.40. 42,425,480 shares of the stock traded hands, compared to its average volume of 54,821,344. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The stock has a market capitalization of $254.38 billion, a price-to-earnings ratio of 302.70, a PEG ratio of 2.34 and a beta of 1.64. The firm’s 50 day moving average is $177.46 and its two-hundred day moving average is $150.27.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AMD shares. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a report on Wednesday, January 31st. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a report on Wednesday, January 24th. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, April 4th. Finally, Truist Financial raised their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. 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 stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Insider Buying and Selling at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last quarter. 0.73% of the stock is owned by insiders.

Advanced Micro Devices 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.