Woodmont Investment Counsel LLC Invests $286,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Woodmont Investment Counsel LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,585 shares of the semiconductor manufacturer’s stock, valued at approximately $286,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Chase Investment Counsel Corp increased its position in Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after buying an additional 87 shares during the period. Washburn Capital Management Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $231,000. Pathway Financial Advisors LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $229,000. Independence Bank of Kentucky increased its position in Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after buying an additional 1,677 shares during the period. Finally, Fortis Capital Advisors LLC increased its position in Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after buying an additional 7,235 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Advanced Micro Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. UBS Group lowered their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Roth Mkm lowered their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Benchmark lowered their target price on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $164.31 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $159.30 and a two-hundred day moving average price of $165.38. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a market capitalization of $265.58 billion, a P/E ratio of 241.64, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm posted $0.43 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

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.