Azzad Asset Management Inc. ADV Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Azzad Asset Management Inc. ADV increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,898 shares of the semiconductor manufacturer’s stock after acquiring an additional 970 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Advanced Micro Devices were worth $1,967,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AMD. Axxcess Wealth Management LLC raised its stake in Advanced Micro Devices by 47.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,535 shares of the semiconductor manufacturer’s stock valued at $2,009,000 after buying an additional 6,303 shares during the last quarter. EULAV Asset Management raised its stake in Advanced Micro Devices by 29.5% during the 3rd quarter. EULAV Asset Management now owns 145,000 shares of the semiconductor manufacturer’s stock valued at $14,909,000 after buying an additional 33,000 shares during the last quarter. Legacy Advisors LLC raised its stake in Advanced Micro Devices by 17.3% during the 3rd quarter. Legacy Advisors LLC now owns 2,310 shares of the semiconductor manufacturer’s stock valued at $238,000 after buying an additional 340 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its stake in Advanced Micro Devices by 19.6% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 5,321 shares of the semiconductor manufacturer’s stock valued at $547,000 after buying an additional 871 shares during the last quarter. Finally, Kepos Capital LP purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $5,141,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research reports. Susquehanna boosted their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 10th. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. TD Cowen upped their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. UBS Group reduced their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, Evercore ISI reduced 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 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 MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $190.83.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total value 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 accessible through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 0.2 %

Shares of NASDAQ AMD opened at $163.90 on Thursday. The firm’s 50-day moving average price is $159.54 and its 200-day moving average price is $165.56. 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 stock has a market capitalization of $264.91 billion, a price-to-earnings ratio of 241.03, a P/E/G ratio of 1.87 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30.

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 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 for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company earned $0.43 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 EPS 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.