1,123 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Red Door Wealth Management LLC

Red Door Wealth Management LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,123 shares of the semiconductor manufacturer’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently modified their holdings of AMD. Morningstar Investment Services LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $214,000. Gotham Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 32.8% in the 3rd quarter. Gotham Asset Management LLC now owns 48,028 shares of the semiconductor manufacturer’s stock worth $4,938,000 after buying an additional 11,868 shares during the period. United Services Automobile Association grew its position in shares of Advanced Micro Devices by 15.7% during the 3rd quarter. United Services Automobile Association now owns 43,767 shares of the semiconductor manufacturer’s stock worth $4,500,000 after buying an additional 5,930 shares in the last quarter. Per Stirling Capital Management LLC. purchased a new position in shares of Advanced Micro Devices during the third quarter valued at $379,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 1,296.7% in the third quarter. Lazard Asset Management LLC now owns 894,751 shares of the semiconductor manufacturer’s stock valued at $91,997,000 after acquiring an additional 830,690 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AMD. Roth Mkm cut their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Susquehanna raised their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10th. Benchmark reduced their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Cantor Fitzgerald cut their price objective 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Stock Up 1.7 %

AMD opened at $162.21 on Monday. The company has a market cap of $262.18 billion, a PE ratio of 238.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a 50-day moving average price of $159.12 and a 200 day moving average price of $165.24. 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 (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

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.