GHP Investment Advisors Inc. Has $1.51 Million Stock Position in Advanced Micro Devices, Inc. $AMD

GHP Investment Advisors Inc. reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.0% in the second quarter, Holdings Channel reports. The institutional investor owned 10,623 shares of the semiconductor manufacturer’s stock after selling 324 shares during the period. GHP Investment Advisors Inc.’s holdings in Advanced Micro Devices were worth $1,507,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Dogwood Wealth Management LLC boosted its holdings in Advanced Micro Devices by 2,311.1% during the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 208 shares during the last quarter. Avion Wealth boosted its holdings in Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 72 shares during the last quarter. West Branch Capital LLC boosted its holdings in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 214 shares during the last quarter. Bear Mountain Capital Inc. boosted its holdings in Advanced Micro Devices by 75.0% during the first quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 150 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its holdings in Advanced Micro Devices by 185.3% during the first quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 215 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $259.65 on Tuesday. The company’s 50 day moving average is $193.09 and its 200-day moving average is $154.91. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $267.08. 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 firm has a market cap of $421.37 billion, a P/E ratio of 149.22, a price-to-earnings-growth ratio of 2.42 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the firm earned $0.69 EPS. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMD shares. Deutsche Bank Aktiengesellschaft set a $235.00 price target on shares of Advanced Micro Devices and gave the stock a “hold” rating in a report on Tuesday, October 14th. Evercore ISI boosted their price target on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Erste Group Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Dbs Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. Finally, Mizuho boosted their target price on shares of Advanced Micro Devices from $205.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $237.32.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,800 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $384,529,181.40. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president directly owned 311,598 shares in the company, valued at approximately $51,416,785.98. This trade represents a 0.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 274,118 shares of company stock valued at $46,180,719. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Company Profile

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.