MCF Advisors LLC Has $318,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) (2024)

MCF Advisors LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,764 shares of the semiconductor manufacturer’s stock after buying an additional 107 shares during the quarter. MCF Advisors LLC’s holdings in Advanced Micro Devices were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. Addison Advisors LLC grew its stake in Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares in the last quarter. Prentice Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after acquiring an additional 62 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after buying an additional 63 shares during the period. Schear Investment Advisers LLC lifted its position in Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares during the last quarter. Finally, Fiduciary Group LLC boosted its position in Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after buying an additional 65 shares during the period. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMD. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. KeyCorp decreased their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Citigroup decreased their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Evercore ISI reduced their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. One research 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Get Our Latest Research Report on Advanced Micro Devices

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated 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 owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $162.21 on Friday. The stock has a market capitalization of $262.18 billion, a P/E ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $159.12 and its 200 day moving average price is $165.05. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its 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. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

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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