Mirador Capital Partners LP Purchases 512 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mirador Capital Partners LP lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,563 shares of the semiconductor manufacturer’s stock after acquiring an additional 512 shares during the period. Mirador Capital Partners LP’s holdings in Advanced Micro Devices were worth $4,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HBW Advisory Services LLC lifted its position in Advanced Micro Devices by 15.2% during the third quarter. HBW Advisory Services LLC now owns 3,109 shares of the semiconductor manufacturer’s stock valued at $510,000 after buying an additional 410 shares during the period. Duncan Williams Asset Management LLC lifted its position in Advanced Micro Devices by 8.7% during the 3rd quarter. Duncan Williams Asset Management LLC now owns 3,287 shares of the semiconductor manufacturer’s stock valued at $539,000 after acquiring an additional 264 shares during the period. Abacus Wealth Partners LLC boosted its stake in Advanced Micro Devices by 3.5% during the third quarter. Abacus Wealth Partners LLC now owns 4,821 shares of the semiconductor manufacturer’s stock worth $791,000 after acquiring an additional 162 shares in the last quarter. Capital Market Strategies LLC grew its holdings in Advanced Micro Devices by 8.5% in the third quarter. Capital Market Strategies LLC now owns 4,564 shares of the semiconductor manufacturer’s stock worth $749,000 after purchasing an additional 357 shares during the period. Finally, Apella Capital LLC increased its stake in shares of Advanced Micro Devices by 10.1% during the third quarter. Apella Capital LLC now owns 4,608 shares of the semiconductor manufacturer’s stock valued at $736,000 after purchasing an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMD shares. Wells Fargo & Company raised their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. KeyCorp lowered their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Barclays cut their price objective on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Morgan Stanley raised their price objective on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Edward Jones initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded up $8.05 during mid-day trading on Friday, reaching $170.90. The stock had a trading volume of 44,640,296 shares, compared to its average volume of 58,411,141. The business’s 50 day moving average price is $148.16 and its 200 day moving average price is $158.07. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a market cap of $276.23 billion, a P/E ratio of 251.32, a price-to-earnings-growth ratio of 2.14 and a beta of 1.70. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the firm earned $0.40 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Research analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.73% 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.