Cora Capital Advisors LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 3.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,964 shares of the semiconductor manufacturer’s stock after purchasing an additional 261 shares during the quarter. Cora Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $1,130,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC lifted its stake in Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. boosted its position in Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock worth $29,000 after acquiring an additional 123 shares during the period. Investors Research Corp grew its stake in Advanced Micro Devices by 117.9% during the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 165 shares in the last quarter. Finally, Bear Mountain Capital Inc. increased its holdings in shares of Advanced Micro Devices by 75.0% in the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 150 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Advanced Micro Devices Stock Performance
Shares of AMD opened at $160.88 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $186.65. The company’s fifty day moving average price is $165.42 and its 200 day moving average price is $130.39. The company has a market capitalization of $261.08 billion, a PE ratio of 92.46, a price-to-earnings-growth ratio of 1.90 and a beta of 1.92.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. Susquehanna upped their price objective on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the company a “positive” rating in a research note on Wednesday, July 30th. Citigroup increased their price objective on Advanced Micro Devices from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Melius Research raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and raised their price target for the stock from $110.00 to $175.00 in a research note on Monday, June 23rd. Finally, Roth Capital set a $150.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a report on Friday, June 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $180.88.
Get Our Latest Stock Report on Advanced Micro Devices
Insider Activity at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 17,998 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the transaction, the executive vice president directly owned 313,848 shares of the company’s stock, valued at $50,507,558.64. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 270,198 shares of company stock worth $44,183,576 over the last ninety days. Corporate insiders own 0.06% 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.
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