Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,774 shares of the semiconductor manufacturer’s stock after buying an additional 300 shares during the period. Meridian Investment Counsel Inc.’s holdings in Advanced Micro Devices were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. International Assets Investment Management LLC raised its stake in Advanced Micro Devices by 8.5% during the fourth quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock worth $3,737,000 after acquiring an additional 1,990 shares during the period. Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. Oliver Lagore Vanvalin Investment Group grew its position in Advanced Micro Devices by 36.2% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 72 shares during the last quarter. Western Wealth Management LLC grew its position in Advanced Micro Devices by 3.3% in the 4th quarter. Western Wealth Management LLC now owns 18,551 shares of the semiconductor manufacturer’s stock worth $2,735,000 after purchasing an additional 590 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its position in Advanced Micro Devices by 65.5% in the 4th quarter. Fidelis Capital Partners LLC now owns 5,365 shares of the semiconductor manufacturer’s stock worth $791,000 after purchasing an additional 2,123 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 4.5 %

Shares of Advanced Micro Devices stock traded up $6.72 during midday trading on Monday, reaching $155.28. 60,516,129 shares of the company’s stock traded hands, compared to its average volume of 63,100,125. The company has a market cap of $250.98 billion, a price-to-earnings ratio of 224.03, a price-to-earnings-growth ratio of 1.79 and a beta of 1.69. The company’s 50 day simple moving average is $154.76 and its 200 day simple moving average is $165.42. 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, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released 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. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the firm earned $0.40 EPS. Advanced Micro Devices’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on AMD. Barclays decreased their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Robert W. Baird decreased their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Roth Mkm decreased their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a report on Monday, May 13th. They issued a “buy” rating and a $190.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were 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 in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was 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 $245,757,319.38. The disclosure for this sale can be found here. 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.