Advisory Alpha LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 8.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,610 shares of the semiconductor manufacturer’s stock after buying an additional 423 shares during the period. Advisory Alpha LLC’s holdings in Advanced Micro Devices were worth $796,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Wise Wealth Partners bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $343,000. Parisi Gray Wealth Management bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $343,000. Davis Investment Partners LLC bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $736,000. REAP Financial Group LLC boosted its holdings in Advanced Micro Devices by 16.9% in the 2nd quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer’s stock worth $170,000 after buying an additional 173 shares during the period. Finally, Sivia Capital Partners LLC boosted its holdings in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after buying an additional 2,970 shares during the period. 71.34% of the stock is owned by institutional investors.
Advanced Micro Devices Stock Performance
Advanced Micro Devices stock opened at $258.01 on Wednesday. The firm’s fifty day moving average price is $185.59 and its 200-day moving average price is $149.80. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a market cap of $418.71 billion, a P/E ratio of 148.28, a price-to-earnings-growth ratio of 2.37 and a beta of 1.90. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $264.58.
Analysts Set New Price Targets
Several brokerages have commented on AMD. Stifel Nicolaus set a $240.00 price target on shares of Advanced Micro Devices in a report on Monday, October 6th. Sanford C. Bernstein raised their price target on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a report on Monday, July 21st. Hsbc Global Res raised shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 10th. Erste Group Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Finally, Seaport Res Ptn downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $233.94.
Insider Activity
In other news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the sale, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 274,118 shares of company stock worth $46,180,719. Corporate insiders own 0.06% of the company’s stock.
Advanced Micro Devices Company 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.
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