Hodges Capital Management Inc. Has $871,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hodges Capital Management Inc. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 140.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,372 shares of the semiconductor manufacturer’s stock after buying an additional 3,134 shares during the period. Hodges Capital Management Inc.’s holdings in Advanced Micro Devices were worth $871,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AMD. Weaver Capital Management LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $692,000. First National Trust Co raised its stake in Advanced Micro Devices by 1,915.9% in the 2nd quarter. First National Trust Co now owns 35,782 shares of the semiconductor manufacturer’s stock worth $5,804,000 after purchasing an additional 34,007 shares in the last quarter. Founders Financial Securities LLC boosted its holdings in Advanced Micro Devices by 527.4% in the 2nd quarter. Founders Financial Securities LLC now owns 18,854 shares of the semiconductor manufacturer’s stock valued at $3,058,000 after purchasing an additional 15,849 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Advanced Micro Devices by 0.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 138,816 shares of the semiconductor manufacturer’s stock worth $22,517,000 after purchasing an additional 591 shares in the last quarter. Finally, Octavia Wealth Advisors LLC increased its holdings in shares of Advanced Micro Devices by 18.1% during the second quarter. Octavia Wealth Advisors LLC now owns 6,104 shares of the semiconductor manufacturer’s stock worth $990,000 after purchasing an additional 936 shares during the period. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. Wells Fargo & Company boosted their price target 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. TD Cowen reiterated a “buy” rating and set a $210.00 target price on shares of Advanced Micro Devices in a research report on Monday, August 19th. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $190.00 price target on the stock. Susquehanna reaffirmed a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Robert W. Baird decreased their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $140.87 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The company has a 50 day simple moving average of $152.27 and a two-hundred day simple moving average of $163.34. The company has a market capitalization of $227.69 billion, a PE ratio of 207.16, a P/E/G ratio of 2.03 and a beta of 1.69.

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 net margin of 5.82% and a return on equity of 5.98%. The business 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 posted $0.40 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices 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 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated 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 directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’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 value of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by 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.