Destiny Wealth Partners LLC Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Destiny Wealth Partners LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,196 shares of the semiconductor manufacturer’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices in the third quarter worth about $27,000. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices in the fourth quarter worth about $28,000. Bare Financial Services Inc purchased a new position in Advanced Micro Devices in the fourth quarter worth about $29,000. MeadowBrook Investment Advisors LLC purchased a new position in Advanced Micro Devices in the fourth quarter worth about $29,000. Finally, Gables Capital Management Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth about $29,000. 71.34% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $161.78 on Friday. The business’s 50-day moving average is $158.76 and its two-hundred day moving average is $163.37. The company has a market capitalization of $261.49 billion, a P/E ratio of 237.92, a P/E/G ratio of 1.79 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on AMD shares. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. Roth Mkm dropped their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Barclays boosted their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. TD Cowen boosted their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Mizuho lowered their price target on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Company 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.