New England Research & Management Inc. Decreases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

New England Research & Management Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 68.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,450 shares of the semiconductor manufacturer's stock after selling 11,975 shares during the period. New England Research & Management Inc.'s holdings in Advanced Micro Devices were worth $984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AMD. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices in the 3rd quarter worth approximately $27,000. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $28,000. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Finally, Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. 71.34% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on AMD. 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. TD Cowen boosted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. Citigroup reduced their price objective on Advanced Micro Devices from $192.00 to $176.00 and set a "buy" rating on the stock in a report on Wednesday, May 1st. Roth Mkm reduced their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Wednesday, May 1st. Finally, Truist Financial reduced their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a "hold" rating on the stock in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $190.83.

Advanced Micro Devices Stock Up 1.7 %

Shares of NASDAQ AMD traded up $2.74 during mid-day trading on Friday, hitting $162.21. The company had a trading volume of 56,204,617 shares, compared to its average volume of 48,393,012. The company has a market capitalization of $262.18 billion, a PE ratio of 238.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.69. The firm has a 50-day simple moving average of $159.12 and a two-hundred day simple moving average of $165.05. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $0.43 EPS. Advanced Micro Devices's revenue was up 2.2% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Advanced Micro Devices Profile

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.