Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,885 shares of the semiconductor manufacturer’s stock after acquiring an additional 442 shares during the quarter. Ballentine Partners LLC’s holdings in Advanced Micro Devices were worth $4,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Caprock Group LLC lifted its stake in shares of Advanced Micro Devices by 40.9% during the second quarter. Caprock Group LLC now owns 27,563 shares of the semiconductor manufacturer’s stock worth $4,471,000 after purchasing an additional 8,005 shares in the last quarter. Certuity LLC lifted its position in Advanced Micro Devices by 9.8% during the 2nd quarter. Certuity LLC now owns 10,400 shares of the semiconductor manufacturer’s stock worth $1,687,000 after acquiring an additional 928 shares in the last quarter. Napean Trading & Investment Co Singapore PTE Ltd boosted its holdings in Advanced Micro Devices by 8.4% in the 2nd quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 114,290 shares of the semiconductor manufacturer’s stock worth $18,539,000 after acquiring an additional 8,854 shares during the period. Acadian Asset Management LLC grew its position in Advanced Micro Devices by 196.6% in the second quarter. Acadian Asset Management LLC now owns 154,378 shares of the semiconductor manufacturer’s stock valued at $25,036,000 after acquiring an additional 102,328 shares in the last quarter. Finally, Chris Bulman Inc purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at approximately $81,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly 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. In related 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of several analyst reports. Barclays decreased their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Robert W. Baird lowered their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Bank of America cut their price target on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Susquehanna reissued a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Morgan Stanley lifted their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $5.09 during trading hours on Friday, hitting $134.35. The company had a trading volume of 39,887,977 shares, compared to its average volume of 61,473,988. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The firm has a market cap of $217.15 billion, a P/E ratio of 197.57, a price-to-earnings-growth ratio of 2.03 and a beta of 1.69. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $151.31 and a 200-day simple moving average of $162.88.

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 the consensus estimate 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 last year, the firm posted $0.40 EPS. Advanced Micro Devices’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current 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.