Atlas Capital Advisors LLC Takes $93,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)
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.
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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