Chapin Davis Inc. Buys 10,544 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Chapin Davis Inc. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 613.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,263 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,544 shares during the period. Advanced Micro Devices comprises approximately 0.8% of Chapin Davis Inc.’s portfolio, making the stock its 28th largest position. Chapin Davis Inc.’s holdings in Advanced Micro Devices were worth $2,213,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several research firms recently issued reports on AMD. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday, June 15th. Evercore ISI decreased their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Cantor Fitzgerald reduced 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. Roth Mkm dropped their target price on shares of 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. Finally, TD Cowen boosted their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $158.11 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The stock has a market capitalization of $255.55 billion, a price-to-earnings ratio of 238.55, a PEG ratio of 1.87 and a beta of 1.69. The business’s fifty day moving average price is $159.12 and its 200-day moving average price is $165.24.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results 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 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%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Advanced Micro Devices 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.