HWG Holdings LP bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,807 shares of the semiconductor manufacturer’s stock, valued at approximately $965,000. Advanced Micro Devices comprises approximately 1.0% of HWG Holdings LP’s holdings, making the stock its 27th largest holding.
Several other large investors have also made changes to their positions in AMD. Winslow Evans & Crocker Inc. raised its holdings in Advanced Micro Devices by 1,893.9% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,316 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 1,250 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Advanced Micro Devices during the first quarter worth about $26,000. Capital Investment Advisory Services LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $27,000. Finally, Semmax Financial Advisors Inc. purchased a new position in Advanced Micro Devices during the fourth quarter worth about $28,000. 58.89% of the stock is owned by institutional investors and hedge funds.
Shares of AMD opened at $27.88 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The company has a market cap of $30.15 billion, a P/E ratio of 79.66, a PEG ratio of 1.76 and a beta of 3.40. Advanced Micro Devices, Inc. has a 1 year low of $10.77 and a 1 year high of $34.14.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.44 billion. Advanced Micro Devices had a net margin of 5.20% and a return on equity of 37.84%. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 0.52 EPS for the current year.
AMD has been the topic of several recent analyst reports. Nomura initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 2nd. They set a “buy” rating and a $33.00 target price on the stock. ValuEngine lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Daiwa Capital Markets set a $27.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Bank of America upped their target price on shares of Advanced Micro Devices from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Barclays upped their target price on shares of Advanced Micro Devices from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company. Advanced Micro Devices presently has a consensus rating of “Buy” and an average price target of $27.52.
In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 50,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $22.37, for a total transaction of $1,118,500.00. Following the transaction, the senior vice president now owns 867,652 shares of the company’s stock, valued at $19,409,375.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $27.49, for a total transaction of $824,700.00. Following the transaction, the executive vice president now directly owns 1,329,588 shares in the company, valued at approximately $36,550,374.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,403,166 shares of company stock worth $829,080,689. 1.50% of the stock is currently owned by insiders.
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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 (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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