Scholtz & Company LLC Acquires 20,337 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Scholtz & Company LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 157.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 33,240 shares of the semiconductor manufacturer’s stock after purchasing an additional 20,337 shares during the period. Advanced Micro Devices makes up approximately 2.3% of Scholtz & Company LLC’s holdings, making the stock its 16th largest position. Scholtz & Company LLC’s holdings in Advanced Micro Devices were worth $5,392,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. RS Crum Inc. increased its position in shares of Advanced Micro Devices by 8.9% during the second quarter. RS Crum Inc. now owns 2,505 shares of the semiconductor manufacturer’s stock valued at $406,000 after acquiring an additional 205 shares in the last quarter. Meeder Advisory Services Inc. increased its holdings in Advanced Micro Devices by 34.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 28,404 shares of the semiconductor manufacturer’s stock worth $4,607,000 after buying an additional 7,334 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Advanced Micro Devices by 9.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 140,373 shares of the semiconductor manufacturer’s stock worth $22,770,000 after buying an additional 12,483 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in Advanced Micro Devices by 10.6% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,506 shares of the semiconductor manufacturer’s stock valued at $406,000 after acquiring an additional 240 shares during the period. Finally, Lansing Street Advisors boosted its holdings in shares of Advanced Micro Devices by 35.8% during the 2nd quarter. Lansing Street Advisors now owns 5,716 shares of the semiconductor manufacturer’s stock valued at $927,000 after acquiring an additional 1,506 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMD shares. Morgan Stanley increased their price objective on shares of 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. Cantor Fitzgerald cut their price objective on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Barclays decreased 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. Finally, Truist Financial lowered their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Trading Up 0.6 %

Shares of AMD stock opened at $150.77 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The stock has a market cap of $244.02 billion, a price-to-earnings ratio of 221.72, a PEG ratio of 2.04 and a beta of 1.69. The company’s 50-day moving average price is $149.95 and its 200-day moving average price is $162.16. 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 announced its quarterly 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. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

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.