Northwest Investment Counselors LLC Invests $124000 in Advanced Micro Devices, Inc. (NASDAQ:AMD) – Defense World
Posted by Defense World Staff on Jun 25th, 2024 
Northwest Investment Counselors LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 689 shares of the semiconductor manufacturer’s stock, valued at approximately $124,000.
A number of other institutional investors and hedge funds have also bought and sold shares of AMD. Addison Advisors LLC increased its holdings in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares in the last quarter. Schear Investment Advisers LLC raised its holdings in shares of Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares during the last quarter. Fiduciary Group LLC raised its holdings in shares of Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares during the last quarter. Integrated Advisors Network LLC lifted its position in Advanced Micro Devices by 0.3% during the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock valued at $2,793,000 after purchasing an additional 65 shares during the period. Finally, Checchi Capital Advisers LLC boosted its holdings in Advanced Micro Devices by 0.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock worth $1,560,000 after purchasing an additional 66 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on AMD shares. Cantor Fitzgerald lowered their price target on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Jefferies Financial Group began coverage on Advanced Micro Devices in a report on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. Evercore ISI cut their price target 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. Barclays increased their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.83.
Get Our Latest Report on AMD
AMD stock opened at $160.25 on Tuesday. The firm has a fifty day moving average price of $158.71 and a 200 day moving average price of $164.54. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The firm has a market cap of $259.01 billion, a PE ratio of 235.67, a price-to-earnings-growth ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.
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 stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of 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. 0.73% of the stock is currently owned by insiders.
(Free Report)
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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