Blair William & Co. IL Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Blair William & Co. IL boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 237,556 shares of the semiconductor manufacturer’s stock after purchasing an additional 15,475 shares during the quarter. Blair William & Co. IL’s holdings in Advanced Micro Devices were worth $38,534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares during the last quarter. Semmax Financial Advisors Inc. lifted its position in Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 139 shares in the last quarter. Fairway Wealth LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at $27,000. Valued Wealth Advisors LLC increased its holdings in shares of Advanced Micro Devices by 70.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 70 shares in the last quarter. Finally, Morton Brown Family Wealth LLC raised its stake in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMD. Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Cantor Fitzgerald dropped their price target on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating for the company. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Stock Down 1.7 %

Shares of AMD stock opened at $148.29 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company’s fifty day moving average price is $147.79 and its 200-day moving average price is $161.04. The company has a market capitalization of $239.68 billion, a price-to-earnings ratio of 218.07, a PEG ratio of 2.04 and a beta of 1.69.

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

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction 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 approximately $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is owned by insiders.

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.