Oribel Capital Management LP Buys Shares of 25,800 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Oribel Capital Management LP bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,800 shares of the semiconductor manufacturer’s stock, valued at approximately $3,713,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FourThought Financial LLC raised its position in Advanced Micro Devices by 4.2% during the 3rd quarter. FourThought Financial LLC now owns 1,835 shares of the semiconductor manufacturer’s stock valued at $188,000 after purchasing an additional 74 shares during the last quarter. Wagner Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 35.9% during the 3rd quarter. Wagner Wealth Management LLC now owns 284 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 75 shares during the period. WealthPLAN Partners LLC grew its holdings in shares of Advanced Micro Devices by 4.1% during the 3rd quarter. WealthPLAN Partners LLC now owns 1,948 shares of the semiconductor manufacturer’s stock worth $282,000 after acquiring an additional 77 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in shares of Advanced Micro Devices by 1.8% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 4,995 shares of the semiconductor manufacturer’s stock worth $514,000 after acquiring an additional 87 shares during the period. Finally, Hollencrest Capital Management grew its holdings in shares of Advanced Micro Devices by 1.9% during the 4th quarter. Hollencrest Capital Management now owns 4,770 shares of the semiconductor manufacturer’s stock worth $687,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 69.61% of the company’s stock.

NASDAQ:AMD traded down $3.17 on Friday, reaching $93.50. 163,998,935 shares of the company’s stock traded hands, compared to its average volume of 126,348,608. The company has a quick ratio of 1.96, a current ratio of 2.40 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $100.54 and a 200-day simple moving average of $121.23. The firm has a market cap of $151.52 billion, a PE ratio of 34.76, a P/E/G ratio of 0.74 and a beta of 1.87. Advanced Micro Devices, Inc. has a 12 month low of $76.80 and a 12 month high of $164.46.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.22. The business had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Advanced Micro Devices had a return on equity of 20.66% and a net margin of 17.98%. The business’s quarterly revenue was up 70.9% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.98 earnings per share for the current year.

A number of research analysts have weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $133.00 target price on shares of Advanced Micro Devices in a report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft cut their price target on Advanced Micro Devices from $125.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, April 20th. Sanford C. Bernstein upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research note on Tuesday, February 22nd. StockNews.com initiated coverage on Advanced Micro Devices in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Mizuho cut their price target on Advanced Micro Devices from $160.00 to $145.00 in a research note on Wednesday, May 4th. Eleven equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $142.15.

In related news, CFO Devinder Kumar sold 28,966 shares of Advanced Micro Devices stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $100.00, for a total value of $2,896,600.00. Following the completion of the transaction, the chief financial officer now owns 524,370 shares in the company, valued at $52,437,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 20,180 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $125.00, for a total value of $2,522,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,146 shares of company stock valued at $6,511,900. Company insiders own 1.00% of the company’s stock.

About Advanced Micro Devices (Get Rating)

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.

Further Reading

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

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