Ewa LLC Buys 1,156 Shares of Advanced Micro Devices, Inc. $AMD

Ewa LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 39.6% in the first quarter, Holdings Channel.com reports. The firm owned 4,073 shares of the semiconductor manufacturer’s stock after buying an additional 1,156 shares during the period. Ewa LLC’s holdings in Advanced Micro Devices were worth $829,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Focused Wealth Management Inc lifted its position in Advanced Micro Devices by 2.7% in the first quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock worth $291,000 after buying an additional 37 shares during the last quarter. James J. Burns & Company LLC increased its position in Advanced Micro Devices by 2.3% during the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock valued at $389,000 after acquiring an additional 40 shares during the last quarter. Yoder Wealth Management Inc. increased its position in Advanced Micro Devices by 3.7% during the first quarter. Yoder Wealth Management Inc. now owns 1,158 shares of the semiconductor manufacturer’s stock valued at $236,000 after acquiring an additional 41 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 0.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock valued at $1,052,000 after acquiring an additional 43 shares during the period. Finally, Willis Johnson & Associates Inc. raised its stake in shares of Advanced Micro Devices by 1.9% in the fourth quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock valued at $493,000 after acquiring an additional 44 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 3.4%

AMD stock opened at $539.49 on Tuesday. The company has a market capitalization of $879.69 billion, a PE ratio of 176.88, a P/E/G ratio of 1.54 and a beta of 2.50. Advanced Micro Devices, Inc. has a 12 month low of $133.50 and a 12 month high of $562.99. The firm’s 50-day moving average is $450.43 and its 200 day moving average is $298.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Analyst Ratings Changes

A number of equities analysts recently commented on AMD shares. HSBC cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lifted their price target for the stock from $335.00 to $340.00 in a research note on Monday, May 4th. Royal Bank Of Canada increased their price objective on shares of Advanced Micro Devices from $325.00 to $400.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein set a $600.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Weiss Ratings upgraded Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Truist Financial set a $478.00 target price on Advanced Micro Devices in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $445.81.

Get Our Latest Stock Report on Advanced Micro Devices

Insider Activity

In related news, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president owned 105,222 shares in the company, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 378,032 shares of company stock valued at $161,876,596. Insiders own 0.50% of the company’s stock.

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

See Also

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

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