Advanced Micro Devices, Inc. (AMD) Holdings Boosted by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 42,508 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,546 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Advanced Micro Devices were worth $1,087,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMD. Joseph P. Lucia & Associates LLC bought a new stake in Advanced Micro Devices in the first quarter valued at approximately $25,000. Winslow Evans & Crocker Inc. increased its position in shares of Advanced Micro Devices by 1,893.9% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,316 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 1,250 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Advanced Micro Devices during the first quarter worth $26,000. Capital Investment Advisory Services LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 58.78% of the company’s stock.

AMD has been the subject of several recent research reports. Nomura initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, April 2nd. They set a “buy” rating and a $33.00 target price for the company. ValuEngine cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Daiwa Capital Markets set a $27.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a report on Saturday, February 2nd. Bank of America increased their target price on shares of Advanced Micro Devices from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Mizuho increased their price target on shares of Advanced Micro Devices from $28.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $28.92.

In other news, CEO Lisa T. Su sold 50,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $22.07, for a total value of $1,103,500.00. Following the transaction, the chief executive officer now directly owns 2,311,264 shares of the company’s stock, valued at $51,009,596.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $27.54, for a total transaction of $165,240.00. Following the completion of the transaction, the senior vice president now directly owns 28,979 shares in the company, valued at $798,081.66. The disclosure for this sale can be found here. Insiders sold 762,664 shares of company stock worth $19,637,229 over the last three months. Insiders own 1.50% of the company’s stock.

Shares of AMD stock opened at $27.50 on Friday. The firm has a market capitalization of $30.30 billion, a price-to-earnings ratio of 93.37, a PEG ratio of 1.67 and a beta of 3.37. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.57. Advanced Micro Devices, Inc. has a one year low of $12.71 and a one year high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. The company’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 0.55 earnings per share for the current fiscal year.

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About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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