DeDora Capital Inc. Purchases 74 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

DeDora Capital Inc. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,947 shares of the semiconductor manufacturer’s stock after acquiring an additional 74 shares during the quarter. DeDora Capital Inc.’s holdings in Advanced Micro Devices were worth $1,795,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMD. Peoples Bank KS purchased a new position in Advanced Micro Devices during the third quarter valued at $26,000. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $27,000. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $28,000. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the topic of several research reports. Citigroup reduced their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Wednesday, January 24th. Morgan Stanley dropped their price target on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price objective for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Finally, Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.24.

Advanced Micro Devices Stock Up 3.0 %

Shares of NASDAQ:AMD traded up $4.44 on Friday, reaching $150.60. The company had a trading volume of 49,361,081 shares, compared to its average volume of 55,429,640. Advanced Micro Devices, Inc. has a 52-week low of $81.11 and a 52-week high of $227.30. The firm’s 50 day simple moving average is $175.41 and its 200-day simple moving average is $151.81. The firm has a market capitalization of $243.42 billion, a PE ratio of 221.47, a PEG ratio of 2.29 and a beta of 1.66. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $0.43 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s 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 transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction 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 approximately $794,069.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold a total of 181,850 shares of company stock worth $34,637,833 in the last ninety days. 0.73% of the stock is owned by insiders.

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.