Gerber LLC Takes $404000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD) – Defense World
Posted by Defense World Staff on Jun 17th, 2024 
Gerber LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,740 shares of the semiconductor manufacturer’s stock, valued at approximately $404,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chase Investment Counsel Corp boosted its position in shares of 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 4th quarter worth approximately $231,000. Pathway Financial Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $229,000. Independence Bank of Kentucky boosted its stake in shares of Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC lifted its stake in Advanced Micro Devices by 137.8% in the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after buying an additional 7,235 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.
AMD opened at $159.63 on Monday. The company’s 50 day moving average is $159.73 and its 200-day moving average is $162.94. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. 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 company has a market cap of $258.01 billion, a P/E ratio of 234.75, a PEG ratio of 1.85 and a beta of 1.69.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.
Several analysts recently issued reports on the company. Susquehanna increased their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a report on Monday, June 10th. Piper Sandler reissued an “overweight” rating and issued a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Roth Mkm dropped their price target on shares of 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. Mizuho decreased their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.
View Our Latest Stock Analysis on AMD
In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.65% of the company’s stock.
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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.
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