Axxcess Wealth Management LLC Has $5.16 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Axxcess Wealth Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,779 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,971 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Advanced Micro Devices were worth $5,155,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AMD. Fairway Wealth LLC bought a new stake in Advanced Micro Devices in the second quarter worth approximately $27,000. Abbot Financial Management Inc. lifted its stake in shares of Advanced Micro Devices by 15.2% in the 2nd quarter. Abbot Financial Management Inc. now owns 3,980 shares of the semiconductor manufacturer’s stock valued at $646,000 after purchasing an additional 524 shares during the last quarter. Connors Investor Services Inc. boosted its holdings in Advanced Micro Devices by 44.4% in the second quarter. Connors Investor Services Inc. now owns 89,887 shares of the semiconductor manufacturer’s stock worth $14,581,000 after purchasing an additional 27,620 shares in the last quarter. Perennial Investment Advisors LLC raised its holdings in Advanced Micro Devices by 76.0% during the second quarter. Perennial Investment Advisors LLC now owns 7,865 shares of the semiconductor manufacturer’s stock valued at $1,276,000 after buying an additional 3,397 shares in the last quarter. Finally, Clearstead Trust LLC lifted its position in shares of Advanced Micro Devices by 17.0% in the second quarter. Clearstead Trust LLC now owns 6,586 shares of the semiconductor manufacturer’s stock worth $1,068,000 after buying an additional 957 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction 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 filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMD. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Citigroup lifted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Susquehanna reaffirmed a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Stock Down 0.8 %

NASDAQ AMD opened at $150.82 on Wednesday. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a market capitalization of $243.77 billion, a price-to-earnings ratio of 221.79, a PEG ratio of 2.04 and a beta of 1.69. The stock’s 50 day moving average is $148.50 and its two-hundred day moving average is $161.13. 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 (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. Advanced Micro Devices’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.