Carnegie Investment Counsel Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Carnegie Investment Counsel raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,284 shares of the semiconductor manufacturer’s stock after buying an additional 3,525 shares during the quarter. Carnegie Investment Counsel’s holdings in Advanced Micro Devices were worth $5,075,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMD. International Assets Investment Management LLC grew its stake in shares of Advanced Micro Devices by 8.5% in the 4th quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock worth $3,737,000 after buying an additional 1,990 shares during the last quarter. Gables Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $29,000. Beaumont Financial Advisors LLC raised its position in shares of Advanced Micro Devices by 1.8% in the 4th quarter. Beaumont Financial Advisors LLC now owns 4,839 shares of the semiconductor manufacturer’s stock worth $713,000 after purchasing an additional 87 shares during the last quarter. Resonant Capital Advisors LLC grew its position in Advanced Micro Devices by 2.4% during the 4th quarter. Resonant Capital Advisors LLC now owns 4,870 shares of the semiconductor manufacturer’s stock valued at $718,000 after purchasing an additional 114 shares during the last quarter. Finally, American Financial Advisors LLC purchased a new position in Advanced Micro Devices in the fourth quarter worth about $235,000. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. TD Cowen reiterated a “buy” rating and set a $210.00 price target on shares of Advanced Micro Devices in a report on Monday. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Edward Jones began coverage on Advanced Micro Devices in a research note on Tuesday. They issued a “buy” rating for the company. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Susquehanna restated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Trading Up 1.3 %

Shares of Advanced Micro Devices stock traded up $1.96 during trading on Tuesday, hitting $157.24. The stock had a trading volume of 67,953,039 shares, compared to its average volume of 63,133,426. The stock has a market cap of $254.15 billion, a PE ratio of 230.63, a PEG ratio of 1.79 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The firm’s fifty day simple moving average is $154.66 and its 200-day simple moving average is $165.31. 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 announced its earnings results 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. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.58 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, 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 transaction, the executive vice president now directly 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 the SEC website. In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction 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 SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, 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.

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.