Atlas Capital Advisors LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,759 shares of the semiconductor manufacturer’s stock, valued at approximately $93,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Whittier Trust Co. raised its stake in Advanced Micro Devices by 58.2% during the 2nd quarter. Whittier Trust Co. now owns 503 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 185 shares in the last quarter. Executive Wealth Management LLC raised its holdings in Advanced Micro Devices by 0.9% in the 2nd quarter. Executive Wealth Management LLC now owns 21,896 shares of the semiconductor manufacturer’s stock valued at $1,151,000 after acquiring an additional 190 shares in the last quarter. Smithfield Trust Co. lifted its position in shares of Advanced Micro Devices by 23.0% in the 1st quarter. Smithfield Trust Co. now owns 1,052 shares of the semiconductor manufacturer’s stock worth $48,000 after acquiring an additional 197 shares during the period. Charter Trust Co. grew its holdings in shares of Advanced Micro Devices by 2.2% during the 1st quarter. Charter Trust Co. now owns 9,390 shares of the semiconductor manufacturer’s stock worth $427,000 after purchasing an additional 199 shares in the last quarter. Finally, Lenox Wealth Management Inc. increased its position in shares of Advanced Micro Devices by 3.8% during the second quarter. Lenox Wealth Management Inc. now owns 5,463 shares of the semiconductor manufacturer’s stock valued at $287,000 after purchasing an additional 200 shares during the period. 69.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of AMD opened at $77.43 on Friday. The firm has a market capitalization of $91.81 billion, a price-to-earnings ratio of 146.10, a PEG ratio of 2.05 and a beta of 2.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.68 and a current ratio of 2.10. The business’s fifty day moving average price is $56.61 and its two-hundred day moving average price is $51.94. Advanced Micro Devices, Inc. has a 52 week low of $27.43 and a 52 week high of $78.96.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.86 billion. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 0.83 EPS for the current year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $55.41, for a total transaction of $8,311,500.00. Following the completion of the sale, the chief executive officer now owns 2,753,670 shares in the company, valued at approximately $152,580,854.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 43,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $52.90, for a total value of $2,274,700.00. Following the completion of the transaction, the executive vice president now directly owns 1,378,280 shares in the company, valued at approximately $72,911,012. The disclosure for this sale can be found here. Insiders have sold a total of 461,000 shares of company stock valued at $25,381,930 over the last three months. Company insiders own 1.50% of the company’s stock.

A number of research firms have weighed in on AMD. Cfra lifted their price target on shares of Advanced Micro Devices from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Mizuho reiterated a “buy” rating and set a $77.00 target price (up from $59.00) on shares of Advanced Micro Devices in a research report on Tuesday. Cowen increased their price target on shares of Advanced Micro Devices from $65.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday. Craig Hallum downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and lifted their price objective for the company from $60.00 to $66.00 in a report on Wednesday. Finally, Morgan Stanley upped their price objective on Advanced Micro Devices from $56.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $68.97.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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