Patriot Financial Group Insurance Agency LLC Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 48.5% in the second quarter, Holdings Channel reports. The institutional investor owned 11,574 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,781 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Advanced Micro Devices were worth $1,877,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Chase Investment Counsel Corp lifted its position in Advanced Micro Devices by 0.7% in the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after acquiring an additional 87 shares in the last quarter. Fortis Capital Advisors LLC increased its holdings in Advanced Micro Devices by 137.8% in the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after buying an additional 7,235 shares in the last quarter. Valmark Advisers Inc. raised its position in Advanced Micro Devices by 50.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,201 shares of the semiconductor manufacturer’s stock worth $1,061,000 after buying an additional 2,413 shares during the last quarter. Baxter Bros Inc. bought a new position in Advanced Micro Devices during the 4th quarter valued at about $264,000. Finally, Chapin Davis Inc. boosted its holdings in shares of Advanced Micro Devices by 613.4% during the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after acquiring an additional 10,544 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

AMD traded up $0.51 during trading on Tuesday, hitting $150.50. 35,028,566 shares of the company traded hands, compared to its average volume of 62,590,250. The company has a current ratio of 2.82, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The company has a market cap of $243.26 billion, a PE ratio of 221.32, a P/E/G ratio of 1.79 and a beta of 1.69. The stock’s 50-day simple moving average is $154.13 and its two-hundred day simple moving average is $164.68. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMD. Piper Sandler reissued an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Cantor Fitzgerald lowered their price target on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Edward Jones initiated coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating for the company. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One research 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $193.45.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices 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 completion of 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 accessible through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

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.