Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Park Place Capital Corp

Park Place Capital Corp decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 143 shares of the semiconductor manufacturer’s stock after selling 80 shares during the quarter. Park Place Capital Corp’s holdings in Advanced Micro Devices were worth $26,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $27,000. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $28,000. Bare Financial Services Inc purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $29,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Finally, Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 4.2 %

NASDAQ:AMD opened at $164.31 on Wednesday. The company has a market capitalization of $265.58 billion, a price-to-earnings ratio of 241.05, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The stock has a 50-day simple moving average of $159.30 and a 200 day simple moving average of $165.38. 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 (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. Evercore ISI cut their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Tuesday, May 7th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Morgan Stanley lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price objective on the stock. in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.65% of the stock is currently owned by insiders.

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.