Stratos Wealth Partners LTD. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,229 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,292 shares during the period. Stratos Wealth Partners LTD.’s holdings in Advanced Micro Devices were worth $1,696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. IBM Retirement Fund raised its holdings in Advanced Micro Devices by 57.3% in the first quarter. IBM Retirement Fund now owns 25,216 shares of the semiconductor manufacturer’s stock worth $1,147,000 after purchasing an additional 9,184 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Advanced Micro Devices during the first quarter worth $11,261,000. Empowered Funds LLC bought a new stake in shares of Advanced Micro Devices during the first quarter worth $1,180,000. US Bancorp DE increased its position in shares of Advanced Micro Devices by 20.5% during the first quarter. US Bancorp DE now owns 33,187 shares of the semiconductor manufacturer’s stock worth $1,509,000 after acquiring an additional 5,647 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Advanced Micro Devices by 132.5% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 27,200 shares of the semiconductor manufacturer’s stock worth $1,431,000 after acquiring an additional 15,500 shares in the last quarter. Institutional investors and hedge funds own 69.37% of the company’s stock.

Shares of AMD opened at $77.43 on Friday. The firm’s 50 day simple moving average is $56.61 and its 200 day simple moving average is $51.94. The company has a market capitalization of $91.81 billion, a P/E ratio of 115.00, a P/E/G ratio of 2.05 and a beta of 2.14. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.10 and a quick ratio of 1.68. Advanced Micro Devices, Inc. has a 1-year low of $27.43 and a 1-year high of $78.96.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. Advanced Micro Devices had a net margin of 7.96% and a return on equity of 28.66%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $0.08 earnings per share. The business’s quarterly revenue was up 26.1% on a year-over-year basis. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 0.83 earnings per share for the current year.

In other news, SVP Forrest Eugene Norrod sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $55.25, for a total value of $4,143,750.00. Following the transaction, the senior vice president now owns 752,100 shares in the company, valued at $41,553,525. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $55.43, for a total transaction of $8,314,500.00. Following the completion of the transaction, the chief executive officer now owns 2,753,670 shares in the company, valued at approximately $152,635,928.10. The disclosure for this sale can be found here. Insiders have sold 461,000 shares of company stock worth $25,381,930 over the last quarter. Company insiders own 1.50% of the company’s stock.

A number of research analysts recently weighed in on the stock. Cowen raised their target price on shares of Advanced Micro Devices from $65.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $52.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday. Piper Sandler raised their target price on shares of Advanced Micro Devices from $60.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday. Mizuho reiterated a “buy” rating and issued a $77.00 price objective (up previously from $59.00) on shares of Advanced Micro Devices in a research note on Tuesday. Finally, Susquehanna Bancshares upgraded shares of Advanced Micro Devices from a “neutral” rating to a “positive” rating and boosted their target price for the company from $64.00 to $85.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $68.97.

About Advanced Micro Devices

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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