Novare Capital Management LLC Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Novare Capital Management LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,976 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,615 shares during the quarter. Novare Capital Management LLC’s holdings in Advanced Micro Devices were worth $1,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tradewinds Capital Management LLC boosted its position in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. increased its stake in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares in the last quarter. Valued Wealth Advisors LLC lifted its position in Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 70 shares during the period. Morton Brown Family Wealth LLC boosted its stake in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares in the last quarter. Finally, Chelsea Counsel Co. bought a new position in Advanced Micro Devices during the 1st quarter valued at approximately $34,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a report on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Truist Financial decreased their price target on shares of 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. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Price Performance

AMD traded down $7.27 during trading hours on Tuesday, hitting $141.29. The company’s stock had a trading volume of 14,500,697 shares, compared to its average volume of 61,768,121. The stock has a market cap of $228.37 billion, a price-to-earnings ratio of 208.49, a P/E/G ratio of 2.03 and a beta of 1.69. The business’s 50-day moving average price is $153.07 and its 200-day moving average price is $163.76. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. 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 posted its earnings results 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 for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.40 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal 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.