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

MCF Advisors LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% during the first quarter, HoldingsChannel reports. The firm owned 1,764 shares of the semiconductor manufacturer’s stock after acquiring an additional 107 shares during the quarter. MCF Advisors LLC’s holdings in Advanced Micro Devices were worth $318,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMD. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices in the 3rd quarter valued at $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. Finally, Gables Capital Management Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD opened at $162.21 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The business has a fifty day simple moving average of $159.12 and a 200 day simple moving average of $165.05. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a market capitalization of $262.18 billion, a PE ratio of 238.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AMD shares. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Truist Financial decreased their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. UBS Group cut their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Barclays raised their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, Morgan Stanley cut Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target for the company. in a research report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices 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.