DGS Capital Management LLC Boosts Stake in Advanced Micro Devices, Inc. $AMD

DGS Capital Management LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 153.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,979 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,804 shares during the quarter. DGS Capital Management LLC’s holdings in Advanced Micro Devices were worth $606,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMD. Evolution Wealth Management Inc. raised its holdings in shares of Advanced Micro Devices by 11.0% in the first quarter. Evolution Wealth Management Inc. now owns 352 shares of the semiconductor manufacturer’s stock worth $72,000 after buying an additional 35 shares during the period. Focused Wealth Management Inc grew its position in Advanced Micro Devices by 2.7% in the 1st quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock valued at $291,000 after acquiring an additional 37 shares during the last quarter. James J. Burns & Company LLC lifted its position in shares of Advanced Micro Devices by 2.3% during the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock worth $389,000 after purchasing an additional 40 shares during the last quarter. Private Wealth Management Group LLC boosted its stake in shares of Advanced Micro Devices by 24.8% during the first quarter. Private Wealth Management Group LLC now owns 201 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 40 shares during the period. Finally, Yoder Wealth Management Inc. boosted its stake in shares of Advanced Micro Devices by 3.7% during the first quarter. Yoder Wealth Management Inc. now owns 1,158 shares of the semiconductor manufacturer’s stock valued at $236,000 after purchasing an additional 41 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 6.6%

NASDAQ:AMD opened at $552.05 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a twelve month low of $133.50 and a twelve month high of $584.73. The company has a market cap of $900.17 billion, a PE ratio of 181.00, a P/E/G ratio of 1.53 and a beta of 2.47. The company’s 50 day moving average is $470.75 and its two-hundred day moving average is $308.01.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The company’s quarterly revenue was up 37.8% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Mizuho raised their target price on shares of Advanced Micro Devices from $515.00 to $615.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Susquehanna boosted their price target on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a report on Wednesday, May 6th. Rosenblatt Securities increased their price objective on Advanced Micro Devices from $300.00 to $490.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on Advanced Micro Devices from $270.00 to $385.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Stifel Nicolaus lifted their target price on Advanced Micro Devices from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $453.92.

Read Our Latest Analysis on Advanced Micro Devices

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction on Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at approximately $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president directly owned 324,527 shares of the company’s stock, valued at $140,000,947.80. The trade was a 5.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 374,739 shares of company stock worth $161,135,671. 0.50% of the stock is currently owned by corporate insiders.

About Advanced Micro Devices

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

See Also

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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