Stiles Financial Services Inc Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stiles Financial Services Inc trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 24,699 shares of the semiconductor manufacturer’s stock after selling 379 shares during the period. Advanced Micro Devices comprises approximately 1.5% of Stiles Financial Services Inc’s holdings, making the stock its 12th biggest holding. Stiles Financial Services Inc’s holdings in Advanced Micro Devices were worth $4,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Resonant Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 1.8% in the 2nd quarter. Resonant Capital Advisors LLC now owns 5,533 shares of the semiconductor manufacturer’s stock valued at $898,000 after purchasing an additional 97 shares during the period. Flaharty Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 69.5% in the second quarter. Flaharty Asset Management LLC now owns 1,951 shares of the semiconductor manufacturer’s stock worth $316,000 after purchasing an additional 800 shares during the period. Crestwood Advisors Group LLC boosted its position in shares of Advanced Micro Devices by 27.2% during the 2nd quarter. Crestwood Advisors Group LLC now owns 5,187 shares of the semiconductor manufacturer’s stock valued at $841,000 after acquiring an additional 1,110 shares during the last quarter. FFT Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 10.7% during the 2nd quarter. FFT Wealth Management LLC now owns 2,452 shares of the semiconductor manufacturer’s stock worth $398,000 after acquiring an additional 238 shares during the last quarter. Finally, Elevated Capital Advisors LLC grew its position in Advanced Micro Devices by 7.4% in the second quarter. Elevated Capital Advisors LLC now owns 7,020 shares of the semiconductor manufacturer’s stock worth $1,139,000 after acquiring an additional 481 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMD. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. TD Cowen restated a “buy” rating and issued a $210.00 price objective on shares of Advanced Micro Devices in a report on Monday, August 19th. Barclays cut their price objective 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. Citigroup boosted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Cantor Fitzgerald reduced their price objective on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.45.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s 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 completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the 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 sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 2.1 %

AMD stock traded up $3.07 on Monday, reaching $148.56. 31,169,000 shares of the company traded hands, compared to its average volume of 62,049,477. The firm has a fifty day simple moving average of $153.31 and a 200-day simple moving average of $163.95. The company has a market cap of $240.44 billion, a P/E ratio of 218.47, a price-to-earnings-growth ratio of 2.03 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 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 issued its quarterly earnings results 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. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

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.