Kayne Anderson Rudnick Investment Management LLC buys 974 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kayne Anderson Rudnick Investment Management LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 89.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,068 shares of the semiconductor maker’s stock after acquiring an additional 974 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Advanced Micro Devices were worth $336,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor maker’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Morton Brown Family Wealth LLC boosted its stake in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor maker’s stock valued at $27,000 after buying an additional 85 shares in the last quarter. Fairway Wealth LLC bought a new position in Advanced Micro Devices in the second quarter valued at approximately $27,000. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Finally, Semmax Financial Advisors Inc. boosted its holdings in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor maker’s stock worth $28,000 after acquiring an additional 139 shares during the last quarter. 71.34% of the shares are currently owned by institutional investors and hedge funds.

Indoor activity

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of 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 filing with the SEC, which is accessible via this link. Company insiders own 0.73% of the company’s shares.

Price performance of advanced microdevices

AMD stock opened at $156.75 on Tuesday. The firm has a market cap of $253.36 billion, a PE ratio of 230.51, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. it has a 52-week low of $93.11 and a 52-week high of $227.30. The company’s 50-day moving average price is $146.31, and its two-hundred-day moving average price is $159.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01, and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report ) last released its 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 the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s quarterly revenue was up 8.9% compared to the same quarter last year. In the same quarter last year, the company earned $0.40 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analysts on Wall Street are forecasting an increase

AMD has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company boosted their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices 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-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $193.45.

Check out the latest advanced microdevices stock report

Advanced Micro Devices Company 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.

See Also

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