Means Investment CO. Inc. Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Means Investment CO. Inc. raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,037 shares of the semiconductor manufacturer’s stock after purchasing an additional 201 shares during the period. Means Investment CO. Inc.’s holdings in Advanced Micro Devices were worth $655,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMD. International Assets Investment Management LLC increased its holdings in Advanced Micro Devices by 8.5% in the 4th quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock valued at $3,737,000 after acquiring an additional 1,990 shares during the last quarter. Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $29,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of Advanced Micro Devices by 36.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after buying an additional 72 shares in the last quarter. Western Wealth Management LLC increased its position in Advanced Micro Devices by 3.3% during the 4th quarter. Western Wealth Management LLC now owns 18,551 shares of the semiconductor manufacturer’s stock valued at $2,735,000 after purchasing an additional 590 shares during the period. Finally, Fidelis Capital Partners LLC raised its stake in Advanced Micro Devices by 65.5% in the fourth quarter. Fidelis Capital Partners LLC now owns 5,365 shares of the semiconductor manufacturer’s stock worth $791,000 after buying an additional 2,123 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMD has been the subject of several recent analyst reports. Roth Mkm reduced their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Tuesday, May 7th. Evercore ISI dropped their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Truist Financial decreased their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Finally, Mizuho dropped their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Insider Activity at Advanced Micro Devices

In other news, 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 transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’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 transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 4.5 %

NASDAQ:AMD traded up $6.72 during mid-day trading on Monday, reaching $155.28. The company’s stock had a trading volume of 60,656,065 shares, compared to its average volume of 63,102,051. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company’s fifty day simple moving average is $154.76 and its two-hundred day simple moving average is $165.42. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 1.92. The stock has a market cap of $250.98 billion, a P/E ratio of 224.03, a P/E/G ratio of 1.79 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.58 EPS for the current 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.