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

Cox Capital Mgt LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 28,306 shares of the semiconductor manufacturer’s stock, valued at approximately $4,644,000. Advanced Micro Devices comprises approximately 2.8% of Cox Capital Mgt LLC’s holdings, making the stock its 9th largest position.

A number of other institutional investors also recently modified their holdings of AMD. Covea Finance lifted its position in Advanced Micro Devices by 36.1% in the 3rd quarter. Covea Finance now owns 179,203 shares of the semiconductor manufacturer’s stock valued at $29,404,000 after acquiring an additional 47,533 shares in the last quarter. Perfromance Wealth Partners LLC grew its holdings in Advanced Micro Devices by 0.6% during the third quarter. Perfromance Wealth Partners LLC now owns 16,663 shares of the semiconductor manufacturer’s stock worth $2,734,000 after buying an additional 107 shares in the last quarter. First Affirmative Financial Network lifted its stake in Advanced Micro Devices by 30.3% during the 3rd quarter. First Affirmative Financial Network now owns 3,880 shares of the semiconductor manufacturer’s stock valued at $637,000 after acquiring an additional 902 shares in the last quarter. RFG Holdings Inc. boosted its holdings in Advanced Micro Devices by 13.1% during the 3rd quarter. RFG Holdings Inc. now owns 3,935 shares of the semiconductor manufacturer’s stock worth $646,000 after acquiring an additional 456 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in shares of Advanced Micro Devices by 2.4% in the 3rd quarter. Valeo Financial Advisors LLC now owns 20,959 shares of the semiconductor manufacturer’s stock worth $3,439,000 after acquiring an additional 483 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $3.71 during trading hours on Friday, reaching $167.89. 42,136,175 shares of the stock traded hands, compared to its average volume of 58,067,195. 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 stock has a 50 day simple moving average of $151.34 and a two-hundred day simple moving average of $157.72. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a market cap of $271.73 billion, a price-to-earnings ratio of 204.75, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping 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 firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business posted $0.40 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction 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 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Robert W. Baird decreased their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Morgan Stanley boosted their price objective 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. KeyCorp decreased their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.