Kowal Investment Group LLC Makes New $200,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kowal Investment Group LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,110 shares of the semiconductor manufacturer’s stock, valued at approximately $200,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $29,000. Finally, Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $29,000. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 value of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. KeyCorp dropped their price target on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, TD Cowen raised their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Trading Down 2.8 %

Advanced Micro Devices stock opened at $157.69 on Tuesday. The stock has a market cap of $254.88 billion, a P/E ratio of 231.90, a PEG ratio of 1.87 and a beta of 1.69. 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 firm’s 50 day moving average price is $159.12 and its 200-day moving average price is $165.24.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $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 fiscal year.

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.