Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Ascent Group LLC

Ascent Group LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,401 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,053 shares during the period. Ascent Group LLC’s holdings in Advanced Micro Devices were worth $3,958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Advanced Micro Devices by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after buying an additional 116,020 shares during the last quarter. Chapin Davis Inc. boosted its stake in Advanced Micro Devices by 613.4% in the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after acquiring an additional 10,544 shares during the period. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Advanced Micro Devices by 77.4% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer’s stock valued at $7,237,000 after purchasing an additional 21,417 shares during the last quarter. Bank of New Hampshire grew its holdings in shares of Advanced Micro Devices by 811.3% during the first quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer’s stock valued at $1,456,000 after purchasing an additional 7,180 shares during the last quarter. Finally, Bragg Financial Advisors Inc raised its position in shares of Advanced Micro Devices by 6.8% during the 4th quarter. Bragg Financial Advisors Inc now owns 86,129 shares of the semiconductor manufacturer’s stock worth $12,696,000 after purchasing an additional 5,470 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

AMD opened at $164.35 on Friday. The business has a fifty day simple moving average of $146.47 and a 200-day simple moving average of $158.80. The firm has a market cap of $265.64 billion, a PE ratio of 241.69, a P/E/G ratio of 2.14 and a beta of 1.69. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the business posted $0.40 EPS. Advanced Micro Devices’s revenue was up 8.9% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Susquehanna restated a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Cantor Fitzgerald decreased their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Barclays cut their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

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.