Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 30.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,165 shares of the semiconductor manufacturer’s stock after purchasing an additional 744 shares during the period. Sovereign Financial Group Inc.’s holdings in Advanced Micro Devices were worth $571,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock valued at $20,997,873,000 after purchasing an additional 2,390,558 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after buying an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after acquiring an additional 2,553,392 shares in the last quarter. Jennison Associates LLC boosted its holdings in Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after acquiring an additional 1,490,997 shares during the period. Finally, Norges Bank acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $3,426,529,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $159.47 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The firm has a 50-day simple moving average of $158.72 and a 200-day simple moving average of $164.71. The company has a market capitalization of $257.75 billion, a price-to-earnings ratio of 234.52, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company 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 firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction 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 transaction, 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 SEC, which can be accessed through this link. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent research reports. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price objective for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Barclays upped their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. UBS Group decreased their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday, June 15th. Finally, Evercore ISI decreased their price objective on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Advanced Micro Devices Company Profile

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.