Private Advisory Group LLC Has $11.86 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Private Advisory Group LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,289 shares of the semiconductor manufacturer’s stock after acquiring an additional 14,854 shares during the quarter. Advanced Micro Devices comprises 1.4% of Private Advisory Group LLC’s holdings, making the stock its 16th largest holding. Private Advisory Group LLC’s holdings in Advanced Micro Devices were worth $11,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tradewinds Capital Management LLC lifted its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares during the period. ZRC Wealth Management LLC lifted its stake in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares during the period. Morton Brown Family Wealth LLC lifted its stake in Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 85 shares during the period. Fairway Wealth LLC acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $27,000. Finally, Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of the 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 sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on AMD shares. Barclays dropped their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Bank of America reaffirmed a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Morgan Stanley upped their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Edward Jones started coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Stock Down 4.0 %

Shares of NASDAQ AMD opened at $164.18 on Friday. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The business’s fifty day moving average price is $150.00 and its 200-day moving average price is $157.75. The stock has a market capitalization of $265.72 billion, a PE ratio of 200.22, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 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.