Financial Management Professionals Inc. Has $323,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Financial Management Professionals Inc. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,789 shares of the semiconductor manufacturer’s stock after buying an additional 160 shares during the quarter. Financial Management Professionals Inc.’s holdings in Advanced Micro Devices were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMD. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Bare Financial Services Inc bought a new stake in Advanced Micro Devices during the fourth quarter worth about $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $29,000. Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter valued at about $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock opened at $162.21 on Friday. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company’s fifty day simple moving average is $159.12 and its 200 day simple moving average is $165.05. The firm has a market cap of $262.18 billion, a price-to-earnings ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released its 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 net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the company earned $0.43 EPS. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were 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 owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AMD has been the topic of several analyst reports. Piper Sandler reiterated an “overweight” rating and set a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Cantor Fitzgerald reduced their price target on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 price target on the stock. Susquehanna increased their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 10th. Finally, 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, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

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.