Vanguard Personalized Indexing Management LLC Acquires 12,241 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.1% during the 2nd quarter, Holdings Channel reports. The firm owned 147,078 shares of the semiconductor manufacturer’s stock after buying an additional 12,241 shares during the period. Advanced Micro Devices comprises about 0.5% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 26th biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Advanced Micro Devices were worth $23,858,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Argent Trust Co grew its holdings in Advanced Micro Devices by 0.9% during the 2nd quarter. Argent Trust Co now owns 15,459 shares of the semiconductor manufacturer’s stock valued at $2,508,000 after buying an additional 134 shares in the last quarter. Purus Wealth Management LLC grew its holdings in Advanced Micro Devices by 11.9% during the 2nd quarter. Purus Wealth Management LLC now owns 26,600 shares of the semiconductor manufacturer’s stock valued at $4,315,000 after buying an additional 2,835 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its holdings in Advanced Micro Devices by 2.1% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 6,729 shares of the semiconductor manufacturer’s stock valued at $1,092,000 after buying an additional 141 shares in the last quarter. Financial & Tax Architects LLC purchased a new position in Advanced Micro Devices during the 2nd quarter valued at approximately $1,138,000. Finally, L & S Advisors Inc grew its holdings in Advanced Micro Devices by 21.7% during the 2nd quarter. L & S Advisors Inc now owns 12,746 shares of the semiconductor manufacturer’s stock valued at $2,068,000 after buying an additional 2,273 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.8 %

Advanced Micro Devices stock opened at $150.82 on Wednesday. The stock has a 50-day moving average of $148.50 and a two-hundred day moving average of $161.13. 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, Inc. has a one year low of $93.11 and a one year high of $227.30. The stock has a market cap of $243.77 billion, a PE ratio of 221.79, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Barclays cut 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. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Robert W. Baird dropped their target price 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. Finally, Susquehanna reiterated a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated 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 $285,278,881.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by company 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.