Morton Brown Family Wealth LLC Raises Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Morton Brown Family Wealth LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 94.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175 shares of the semiconductor manufacturer’s stock after purchasing an additional 85 shares during the period. Morton Brown Family Wealth LLC’s holdings in Advanced Micro Devices were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Tradewinds Capital Management LLC increased its stake in shares of Advanced Micro Devices by 102.9% during 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 period. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Semmax Financial Advisors Inc. increased its stake in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 139 shares during the last quarter. Bare Financial Services Inc purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’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 owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 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 of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 2.1 %

NASDAQ:AMD traded up $3.07 during mid-day trading on Friday, reaching $148.56. The stock had a trading volume of 31,169,069 shares, compared to its average volume of 62,049,219. The business’s 50 day moving average is $153.31 and its 200 day moving average is $164.11. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The stock has a market cap of $240.12 billion, a P/E 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 current ratio of 2.82 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current year.

Analysts Set New Price Targets

AMD has been the topic of several recent analyst reports. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Edward Jones initiated coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. KeyCorp decreased their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Susquehanna reaffirmed a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Barclays decreased their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently 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.