Verus Capital Partners LLC Has $57.73 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Verus Capital Partners LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.0% during the 2nd quarter, Holdings Channel reports. The firm owned 355,914 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,925 shares during the period. Advanced Micro Devices makes up 5.6% of Verus Capital Partners LLC’s holdings, making the stock its 4th biggest holding. Verus Capital Partners LLC’s holdings in Advanced Micro Devices were worth $57,733,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC grew its holdings in shares of Advanced Micro Devices by 8.5% in the 4th quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock valued at $3,737,000 after buying an additional 1,990 shares during the period. Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Precision Wealth Strategies LLC boosted its holdings in shares of Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock valued at $598,000 after buying an additional 155 shares during the period. Concentrum Wealth Management increased its position in shares of Advanced Micro Devices by 6.6% during the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after acquiring an additional 2,354 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Advanced Micro Devices by 142.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 19,418 shares of the semiconductor manufacturer’s stock worth $2,863,000 after acquiring an additional 11,416 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the subject of a number of research reports. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a report on Tuesday, May 7th. Barclays reduced their price target on 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. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Morgan Stanley increased their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Finally, Edward Jones started coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated 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 owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’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 directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded up $3.07 during mid-day trading on Monday, reaching $148.56. 31,169,000 shares of the company’s stock were exchanged, compared to its average volume of 62,049,477. The business’s fifty day simple moving average is $153.31 and its two-hundred day simple moving average is $163.95. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The firm has a market capitalization of $240.44 billion, a PE ratio of 218.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share 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 firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.