Rothschild Investment LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Rothschild Investment LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, Holdings Channel reports. The fund bought 39,081 shares of the semiconductor manufacturer’s stock, valued at approximately $6,339,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. International Assets Investment Management LLC lifted its holdings 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 acquiring an additional 1,990 shares during the last quarter. Gables Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. Precision Wealth Strategies LLC boosted its stake in shares of Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock valued at $598,000 after purchasing an additional 155 shares during the period. Savant Capital LLC grew its holdings in shares of Advanced Micro Devices by 11.0% in the fourth quarter. Savant Capital LLC now owns 22,210 shares of the semiconductor manufacturer’s stock valued at $3,274,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC increased its stake in Advanced Micro Devices by 13.9% during the 4th quarter. Brandywine Oak Private Wealth LLC now owns 3,640 shares of the semiconductor manufacturer’s stock worth $537,000 after buying an additional 445 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 2.1 %

NASDAQ:AMD opened at $148.56 on Friday. The business has a 50 day simple moving average of $153.31 and a 200 day simple moving average of $164.11. The firm has a market capitalization of $240.12 billion, a P/E ratio of 218.47, a P/E/G ratio of 1.79 and a beta of 1.69. 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, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share 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 analysts’ expectations of $5.72 billion. During the same quarter last year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.58 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction 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 sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, 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 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 $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated 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 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 owned by insiders.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Robert W. Baird cut their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Bank of America cut their target price on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $193.45.

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.