Americana Partners LLC Buys 2,669 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Americana Partners LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,152 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,669 shares during the period. Americana Partners LLC’s holdings in Advanced Micro Devices were worth $6,513,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AMD. International Assets Investment Management LLC lifted its position in Advanced Micro Devices by 8.5% in the fourth quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock worth $3,737,000 after purchasing an additional 1,990 shares during the period. Gables Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Precision Wealth Strategies LLC boosted its position in shares of Advanced Micro Devices by 4.0% during the 4th quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock valued at $598,000 after acquiring an additional 155 shares in the last quarter. Choreo LLC increased its stake in Advanced Micro Devices by 39.2% in the fourth quarter. Choreo LLC now owns 9,989 shares of the semiconductor manufacturer’s stock valued at $1,472,000 after acquiring an additional 2,811 shares during the period. Finally, Duff & Phelps Investment Management Co. raised its position in Advanced Micro Devices by 1.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 18,040 shares of the semiconductor manufacturer’s stock worth $2,659,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent research reports. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a report on Tuesday, May 7th. Morgan Stanley upped their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Robert W. Baird dropped their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value 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 approximately $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following 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. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 2.1 %

NASDAQ:AMD traded up $3.07 on Friday, reaching $148.56. The company’s stock had a trading volume of 31,169,069 shares, compared to its average volume of 62,049,219. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The business’s 50-day moving average price is $153.31 and its two-hundred day moving average price is $164.11. The firm has a market cap of $240.12 billion, a PE ratio of 218.47, a PEG ratio of 1.79 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during 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 quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current fiscal year.

Advanced Micro Devices 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.