Cornerstone Wealth Management LLC Buys 854 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cornerstone Wealth Management LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 6,081 shares of the semiconductor manufacturer’s stock after purchasing an additional 854 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,098,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Chase Investment Counsel Corp boosted its stake 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 in the last quarter. Washburn Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $231,000. Pathway Financial Advisors LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at about $229,000. Independence Bank of Kentucky raised its position in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC lifted its stake 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 purchasing an additional 7,235 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. Mizuho lowered their price objective on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Evercore ISI lowered their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Benchmark cut their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. UBS Group lowered their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price target for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Insider Transactions at Advanced Micro Devices

In related 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 value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 0.2 %

Shares of Advanced Micro Devices stock opened at $163.90 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. 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 company has a market capitalization of $264.91 billion, a P/E ratio of 241.03, a price-to-earnings-growth ratio of 1.90 and a beta of 1.68. The business has a 50-day moving average of $159.99 and a two-hundred day moving average of $165.53.

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

About Advanced Micro Devices

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.