Duncan Williams Asset Management LLC Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Duncan Williams Asset Management LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,287 shares of the semiconductor manufacturer’s stock after buying an additional 264 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Advanced Micro Devices were worth $539,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after acquiring an additional 116,020 shares in the last quarter. Chapin Davis Inc. lifted its position in shares of Advanced Micro Devices by 613.4% during the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after purchasing an additional 10,544 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Advanced Micro Devices by 77.4% in 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 period. Sycomore Asset Management grew its holdings in shares of Advanced Micro Devices by 28.6% in the second quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock valued at $21,722,000 after purchasing an additional 30,677 shares in the last quarter. Finally, Bank of New Hampshire increased its stake in Advanced Micro Devices by 811.3% during the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer’s stock worth $1,456,000 after buying an additional 7,180 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $162.85 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The firm has a market capitalization of $263.22 billion, a price-to-earnings ratio of 239.49, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69. The business’s 50 day simple moving average is $147.54 and its 200-day simple moving average is $158.21. 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 (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on AMD shares. Barclays decreased their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Morgan Stanley boosted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, KeyCorp reduced their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The stock was 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 in the company, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently 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.