Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Malaga Cove Capital LLC

Malaga Cove Capital LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,076 shares of the semiconductor manufacturer’s stock after purchasing an additional 742 shares during the quarter. Advanced Micro Devices comprises 1.8% of Malaga Cove Capital LLC’s portfolio, making the stock its 10th largest holding. Malaga Cove Capital LLC’s holdings in Advanced Micro Devices were worth $4,554,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMD. Tradewinds Capital Management LLC grew its position in Advanced Micro Devices by 102.9% in 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 last quarter. Morton Brown Family Wealth LLC boosted its position in shares of Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the period. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices in the 4th quarter worth about $28,000. Semmax Financial Advisors Inc. boosted its holdings in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares during the period. Finally, Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth about $29,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Advanced Micro Devices Stock Up 2.8 %

Shares of AMD opened at $138.15 on Tuesday. The company has a market capitalization of $223.59 billion, a P/E ratio of 203.16, a PEG ratio of 1.83 and a beta of 1.69. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The business’s 50 day simple moving average is $150.92 and its 200-day simple moving average is $162.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Citigroup lifted their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Cantor Fitzgerald dropped their price objective 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 assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group assumed coverage on Advanced Micro Devices in a report on Monday, May 13th. They set 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 given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

About Advanced Micro Devices

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.