Naples Money Management LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Naples Money Management LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,332 shares of the semiconductor manufacturer’s stock, valued at approximately $639,000.

Other large investors have also recently made changes to their positions in the company. American Financial Advisors LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth about $235,000. Martin Capital Advisors LLP bought a new position in Advanced Micro Devices in the 4th quarter valued at $221,000. Resonant Capital Advisors LLC increased its stake in Advanced Micro Devices by 2.4% in the fourth quarter. Resonant Capital Advisors LLC now owns 4,870 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 114 shares during the period. Schear Investment Advisers LLC lifted its position 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 worth $2,323,000 after purchasing an additional 64 shares during the last quarter. Finally, Beaumont Financial Advisors LLC grew its holdings in shares of Advanced Micro Devices by 1.8% in the fourth quarter. Beaumont Financial Advisors LLC now owns 4,839 shares of the semiconductor manufacturer’s stock worth $713,000 after purchasing an additional 87 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Mizuho boosted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, April 4th. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a report on Monday, January 8th. Finally, Roth Mkm increased their price target on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $185.59.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last 90 days. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

AMD traded down $8.44 during trading on Friday, reaching $146.64. 71,233,102 shares of the company’s stock were exchanged, compared to its average volume of 74,632,961. The company’s fifty day simple moving average is $180.16 and its 200-day simple moving average is $148.28. The stock has a market capitalization of $236.99 billion, a P/E ratio of 291.97, a price-to-earnings-growth ratio of 2.35 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal 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.