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First Long Island Investors LLC Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

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First Long Island Investors LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,604 shares of the semiconductor manufacturer's stock, valued at approximately $285,000.

A number of other institutional investors also recently modified their holdings of AMD. MBM Wealth Consultants LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $25,000. AlphaCentric Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $32,000. Delos Wealth Advisors LLC increased its stake in Advanced Micro Devices by 95.8% during the 4th quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer's stock valued at $34,000 after purchasing an additional 115 shares in the last quarter. Aquire Wealth Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $36,000. Finally, Cordasco Financial Network increased its stake in Advanced Micro Devices by 287.5% during the 1st quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. Institutional investors and hedge funds own 69.61% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have commented on AMD. Robert W. Baird restated a "neutral" rating and set a $100.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, June 14th. Jefferies Financial Group decreased their price target on shares of Advanced Micro Devices from $155.00 to $147.00 in a research note on Wednesday, May 4th. JPMorgan Chase & Co. reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set a "neutral" rating for the company in a research note on Wednesday, August 3rd. Craig Hallum reduced their target price on shares of Advanced Micro Devices from $160.00 to $130.00 in a research note on Wednesday, May 4th. Finally, Wedbush reiterated an "outperform" rating and issued a $165.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, June 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.93.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $3.86 during trading on Tuesday, hitting $96.21. 632,629 shares of the company's stock traded hands, compared to its average volume of 88,079,688. The stock has a market capitalization of $155.31 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 0.94 and a beta of 1.96. Advanced Micro Devices, Inc. has a 12-month low of $71.60 and a 12-month high of $164.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.44. The business has a 50 day moving average of $88.47 and a 200-day moving average of $99.75.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 earnings per share ( EPS ) for the quarter, topping analysts' consensus estimates of $1.03 by $0.02. Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. During the same period in the prior year, the business earned $0.58 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.91 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, CFO Devinder Kumar sold 20,000 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $102.44, for a total value of $2,048,800.00. Following the sale, the chief financial officer now directly owns 504,370 shares of the company's stock, valued at $51,667,662.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Paul Darren Grasby sold 32,694 shares of the firm's stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total value of $2,517,111.06. Following the sale, the executive vice president now directly owns 37,800 shares of the company's stock, valued at $2,910,222. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Devinder Kumar sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the sale, the chief financial officer now directly owns 504,370 shares in the company, valued at $51,667,662.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,660 shares of company stock valued at $7,462,511. 1.00% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Profile

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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, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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