CoreCap Advisors LLC Has $2.26 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

CoreCap Advisors LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,734 shares of the semiconductor manufacturer's stock after selling 2,796 shares during the quarter. CoreCap Advisors LLC's holdings in Advanced Micro Devices were worth $2,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMD. Principal Financial Group Inc. lifted its position in Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after acquiring an additional 588,595 shares in the last quarter. Park National Corp OH raised its stake in shares of Advanced Micro Devices by 87.1% in the 4th quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer's stock valued at $324,000 after purchasing an additional 1,249 shares during the period. Watts Gwilliam & Co. LLC lifted its holdings in shares of Advanced Micro Devices by 151.6% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer's stock valued at $2,455,000 after purchasing an additional 11,616 shares in the last quarter. Sage Capital Advisors llc boosted its position in shares of Advanced Micro Devices by 1.6% during the fourth quarter. Sage Capital Advisors llc now owns 6,386 shares of the semiconductor manufacturer's stock worth $771,000 after buying an additional 98 shares during the period. Finally, Jacobs & Co. CA grew its holdings in shares of Advanced Micro Devices by 13.2% during the fourth quarter. Jacobs & Co. CA now owns 89,030 shares of the semiconductor manufacturer's stock worth $10,753,000 after buying an additional 10,404 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 1.9 %

Advanced Micro Devices stock opened at $100.54 on Thursday. The firm has a market cap of $162.50 billion, a price-to-earnings ratio of 101.55, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a 50 day moving average price of $97.30 and a two-hundred day moving average price of $117.39.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent research reports. Morgan Stanley reduced their price target on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Evercore ISI lowered their price target on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. Cantor Fitzgerald restated an "overweight" rating and set a $120.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. Finally, Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $131.19.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

About Advanced Micro Devices

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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