Obermeyer Wood Investment Counsel Lllp increases stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Obermeyer Wood Investment Counsel Lllp raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report ) by 87.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,177 shares of the semiconductor maker’s stock after purchasing an additional 1,017 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Advanced Micro Devices were worth $353,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMD. International Assets Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 8.5% in the 4th quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor maker’s stock valued at $3,737,000 after bought an additional 1,990 shares in the last quarter. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $29,000. Precision Wealth Strategies LLC boosted its stake in shares of Advanced Micro Devices by 4.0% in the 4th quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor maker’s stock valued at $598,000 after buying an additional 155 shares in the last quarter. Concentrum Wealth Management boosted its stake in shares of Advanced Micro Devices by 6.6% in the 4th quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor maker’s stock valued at $5,625,000 after purchasing an additional 2,354 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Advanced Micro Devices by 142.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 19,418 shares of the semiconductor maker’s stock valued at $2,863,000 after purchasing an additional 11,416 shares during the last quarter. 71.34% of the shares are held by hedge funds and other institutional investors.

Advanced microdevice trading up 2.1%

Advanced Micro Devices stock opened at $148.56 on Monday. Advanced Micro Devices, Inc. it has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82, and a debt-to-equity ratio of 0.03. The company’s 50-day simple moving average is $153.31, and its 200-day simple moving average is $163.95. The firm has a market cap of $240.44 billion, a price-to-earnings ratio of 218.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor maker reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted earnings of $0.40 per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Analysts on Wall Street are forecasting an increase

A number of brokerages recently weighed in on AMD. KeyCorp cut their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Bank of America cut their price target on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Cantor Fitzgerald cut their price target on shares of 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. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report 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 assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Moderate Buy” and an average target price of $193.45, according to MarketBeat .

Get the latest report on AMD

Insider buying and selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this link. In other Advanced Micro Devices news, 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 sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’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 completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of shares are owned by insiders.

Advanced microdevice profile

(Free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. It operates through the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing unit, chipsets, data center and professional GPUs; and embedded processors and semi-custom system-on-chip (SoC) products, development services and technology for microprocessors and SoCs, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

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