Aviso Wealth Management Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Aviso Wealth Management grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,001 shares of the semiconductor manufacturer’s stock after acquiring an additional 358 shares during the quarter. Aviso Wealth Management’s holdings in Advanced Micro Devices were worth $649,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Tradewinds Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares during the last quarter. Morton Brown Family Wealth LLC boosted its holdings 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 buying an additional 85 shares during the last quarter. Fairway Wealth LLC purchased a new position in shares of Advanced Micro Devices in the second quarter worth approximately $27,000. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $28,000. Finally, Semmax Financial Advisors Inc. boosted its holdings in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $164.35 on Friday. The firm has a fifty day simple moving average of $146.47 and a two-hundred day simple moving average of $158.80. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $265.64 billion, a P/E ratio of 241.69, a PEG ratio of 2.14 and a beta of 1.69.

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

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction 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 transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Barclays dropped 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 report on Monday, July 29th. Edward Jones initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Cantor Fitzgerald lowered 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. Finally, BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $193.45.

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.