Annex Advisory Services LLC Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Annex Advisory Services LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 32.4% in the second quarter, Holdings Channel reports. The institutional investor owned 1,474 shares of the semiconductor manufacturer’s stock after acquiring an additional 361 shares during the period. Annex Advisory Services LLC’s holdings in Advanced Micro Devices were worth $239,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its holdings in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares during the period. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $28,000. Semmax Financial Advisors Inc. increased its position in shares of Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares in the last quarter. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $29,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMD shares. Wedbush reaffirmed an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Truist Financial reduced their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Robert W. Baird reduced their price target 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. Citigroup upped their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group started coverage on Advanced Micro Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $2.05 during mid-day trading on Friday, hitting $134.27. 40,582,992 shares of the stock were exchanged, compared to its average volume of 63,924,113. The company has a market cap of $217.02 billion, a PE ratio of 197.46, a price-to-earnings-growth 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 firm has a fifty day moving average of $156.96 and a 200 day moving average of $166.63. The company has a quick ratio of 1.92, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion for 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%. Advanced Micro Devices’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Company 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.