4,123 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Avestar Capital LLC

Avestar Capital LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,123 shares of the semiconductor manufacturer’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. IBM Retirement Fund lifted its holdings in shares of Advanced Micro Devices by 57.3% during the first quarter. IBM Retirement Fund now owns 25,216 shares of the semiconductor manufacturer’s stock valued at $1,147,000 after purchasing an additional 9,184 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in Advanced Micro Devices during the 1st quarter worth $11,261,000. Empowered Funds LLC purchased a new stake in Advanced Micro Devices during the 1st quarter worth $1,180,000. US Bancorp DE boosted its position in Advanced Micro Devices by 20.5% during the 1st quarter. US Bancorp DE now owns 33,187 shares of the semiconductor manufacturer’s stock worth $1,509,000 after purchasing an additional 5,647 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in Advanced Micro Devices by 132.5% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 27,200 shares of the semiconductor manufacturer’s stock worth $1,431,000 after purchasing an additional 15,500 shares during the period. 69.37% of the stock is owned by institutional investors and hedge funds.

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 43,000 shares of the stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $54.36, for a total value of $2,337,480.00. Following the completion of the sale, the executive vice president now owns 1,378,280 shares in the company, valued at approximately $74,923,300.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Forrest Eugene Norrod sold 75,000 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $55.25, for a total transaction of $4,143,750.00. Following the completion of the sale, the senior vice president now owns 752,100 shares of the company’s stock, valued at approximately $41,553,525. The disclosure for this sale can be found here. In the last quarter, insiders sold 461,000 shares of company stock valued at $25,381,930. Insiders own 1.50% of the company’s stock.

A number of analysts recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Advanced Micro Devices from $50.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday. They noted that the move was a valuation call. Nomura upped their price target on shares of Advanced Micro Devices from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Craig Hallum cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and upped their price target for the stock from $60.00 to $66.00 in a research report on Wednesday. Wells Fargo & Co reiterated a “neutral” rating and issued a $72.00 price objective (up previously from $55.00) on shares of Advanced Micro Devices in a report on Wednesday. Finally, Rosenblatt Securities boosted their price objective on shares of Advanced Micro Devices from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $68.97.

Shares of NASDAQ:AMD opened at $77.43 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.68 and a current ratio of 2.10. The company has a market cap of $91.81 billion, a PE ratio of 146.10, a price-to-earnings-growth ratio of 2.05 and a beta of 2.14. Advanced Micro Devices, Inc. has a 52 week low of $27.43 and a 52 week high of $78.96. The firm has a 50 day simple moving average of $56.61 and a 200 day simple moving average of $51.94.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. Advanced Micro Devices had a net margin of 7.96% and a return on equity of 28.66%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue was up 26.1% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 0.83 earnings per share for the current year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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