Capital Asset Advisory Services LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) (2024)

Posted by Defense World Staff on Jun 29th, 2024

Capital Asset Advisory Services LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,400 shares of the semiconductor manufacturer’s stock after buying an additional 281 shares during the period. Capital Asset Advisory Services LLC’s holdings in Advanced Micro Devices were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fifth Third Wealth Advisors LLC lifted its stake in shares of Advanced Micro Devices by 23.7% in the first quarter. Fifth Third Wealth Advisors LLC now owns 13,694 shares of the semiconductor manufacturer’s stock worth $2,472,000 after buying an additional 2,624 shares in the last quarter. Harbor Group Inc. increased its position in Advanced Micro Devices by 2.5% during the first quarter. Harbor Group Inc. now owns 3,109 shares of the semiconductor manufacturer’s stock worth $561,000 after purchasing an additional 75 shares during the last quarter. 180 Wealth Advisors LLC increased its position in Advanced Micro Devices by 9.3% during the first quarter. 180 Wealth Advisors LLC now owns 3,597 shares of the semiconductor manufacturer’s stock worth $649,000 after purchasing an additional 306 shares during the last quarter. Thrive Wealth Management LLC increased its position in Advanced Micro Devices by 6.0% during the first quarter. Thrive Wealth Management LLC now owns 1,475 shares of the semiconductor manufacturer’s stock worth $266,000 after purchasing an additional 83 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. acquired a new stake in Advanced Micro Devices during the first quarter worth about $214,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMD shares. Evercore ISI cut their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. TD Cowen raised their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. UBS Group cut their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price target for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Finally, Mizuho dropped their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

Get Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Stock Up 1.7 %

Shares of Advanced Micro Devices stock opened at $162.21 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a 50 day moving average of $159.12 and a 200 day moving average of $164.86. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $262.18 billion, a P/E ratio of 238.55, a P/E/G ratio of 1.82 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company Profile

(Free Report)

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.

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