Confluence Wealth Services Inc. Buys 1,144 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Confluence Wealth Services Inc. increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 64.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,914 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,144 shares during the period. Confluence Wealth Services Inc.’s holdings in Advanced Micro Devices were worth $526,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Peoples Bank KS bought a new position in Advanced Micro Devices during the 3rd quarter valued at about $26,000. Spartan Planning & Wealth Management purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $27,000. Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $28,000. Finally, Bare Financial Services Inc purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 1.1 %

Shares of NASDAQ:AMD traded down $1.82 during trading on Tuesday, reaching $158.38. The stock had a trading volume of 57,985,168 shares, compared to its average volume of 72,251,242. The firm’s 50-day simple moving average is $177.04 and its 200 day simple moving average is $151.59. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The company has a market capitalization of $255.96 billion, a P/E ratio of 304.58, a PEG ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Wednesday, January 24th. Citigroup raised their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price for the company in a report on Wednesday, January 31st. Bank of America lifted their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, KeyCorp upped their price objective on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $184.68.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction 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 approximately $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.65% of the company’s stock.

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.