GFG Capital LLC Has $916,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GFG Capital LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,647 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,004 shares during the period. GFG Capital LLC’s holdings in Advanced Micro Devices were worth $916,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cherrydale Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after buying an additional 58 shares during the period. Addison Advisors LLC raised its holdings in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares in the last quarter. Prentice Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.6% in the first quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after acquiring an additional 62 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares during the last quarter. Finally, Delta Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 5.0% during the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMD shares. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. TD Cowen reaffirmed a “buy” rating and set a $210.00 price objective on shares of Advanced Micro Devices in a research report on Monday. Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 price objective on the stock. UBS Group reduced their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, KeyCorp lowered their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. One 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 given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred 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 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 news, EVP Mark D. Papermaster sold 16,200 shares of the 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 of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD stock traded up $1.12 during midday trading on Tuesday, reaching $156.40. 76,687,715 shares of the company’s stock traded hands, compared to its average volume of 63,187,621. The stock’s 50-day moving average is $154.66 and its 200 day moving average is $165.31. The stock has a market cap of $252.79 billion, a P/E ratio of 230.63, a PEG ratio of 1.79 and a beta of 1.69. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a current ratio of 2.82, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 EPS for the current year.

Advanced Micro Devices 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.