Vestmark Advisory Solutions Inc. Acquires 47,380 Shares of Advanced Micro Devices, Inc. $AMD

Vestmark Advisory Solutions Inc. raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 163.1% during the second quarter, HoldingsChannel reports. The firm owned 76,434 shares of the semiconductor manufacturer’s stock after purchasing an additional 47,380 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Advanced Micro Devices were worth $10,846,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after acquiring an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its position in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Advanced Micro Devices by 11.6% in the 1st quarter. Brown Advisory Inc. now owns 29,082 shares of the semiconductor manufacturer’s stock worth $2,988,000 after buying an additional 3,024 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in Advanced Micro Devices by 48.7% during the first quarter. Stratos Wealth Advisors LLC now owns 13,173 shares of the semiconductor manufacturer’s stock valued at $1,353,000 after buying an additional 4,315 shares during the last quarter. Finally, Greenleaf Trust lifted its position in shares of Advanced Micro Devices by 1.4% during the 1st quarter. Greenleaf Trust now owns 36,039 shares of the semiconductor manufacturer’s stock valued at $3,703,000 after buying an additional 500 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $229.31 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $197.92 and a 200-day simple moving average of $157.32. The firm has a market capitalization of $372.13 billion, a price-to-earnings ratio of 131.90, a PEG ratio of 2.42 and a beta of 1.93. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,800 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the completion of the transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. This represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 274,118 shares of company stock valued at $46,180,719. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMD. The Goldman Sachs Group boosted their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. CICC Research upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective for the company in a report on Friday. Melius Research set a $300.00 target price on Advanced Micro Devices in a research report on Monday, October 6th. Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Finally, Hsbc Global Res raised shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.26.

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.