PFG Investments LLC Buys 19,882 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

PFG Investments LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 136.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,402 shares of the semiconductor manufacturer's stock after acquiring an additional 19,882 shares during the quarter. PFG Investments LLC's holdings in Advanced Micro Devices were worth $6,209,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Tradewinds Capital Management LLC boosted its position in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 71 shares in the last quarter. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $27,000. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $28,000. Finally, Bare Financial Services Inc acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 2.4 %

Shares of AMD stock traded up $3.64 during trading on Friday, hitting $157.40. 42,425,480 shares of the stock traded hands, compared to its average volume of 54,821,344. The firm has a market capitalization of $254.38 billion, a P/E ratio of 302.70, a price-to-earnings-growth ratio of 2.34 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm's fifty day moving average price is $177.46 and its 200-day moving average price is $150.55. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. DZ Bank reiterated a "hold" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Melius upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Monday, January 8th. Northland Securities upgraded shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $195.00 target price for the company in a research report on Wednesday, January 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Finally, TD Cowen lifted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a "buy" rating in a research note 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 issued a buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $185.59.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the business's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares of the company's stock, valued at $45,513,918.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the business's stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares in the company, valued at $45,513,918.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 over the last quarter. 0.73% of the stock is owned by company 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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