Park Avenue Securities LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Park Avenue Securities LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.3% in the second quarter, HoldingsChannel.com reports. The fund owned 54,735 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,749 shares during the period. Park Avenue Securities LLC’s holdings in Advanced Micro Devices were worth $8,879,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Stonebridge Capital Management Inc. boosted its stake in shares of Advanced Micro Devices by 1.9% in the second quarter. Stonebridge Capital Management Inc. now owns 7,929 shares of the semiconductor manufacturer’s stock valued at $1,286,000 after purchasing an additional 150 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 73.3% in the second quarter. Kingswood Wealth Advisors LLC now owns 27,937 shares of the semiconductor manufacturer’s stock worth $4,532,000 after acquiring an additional 11,819 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Advanced Micro Devices by 19.4% during the second quarter. Fulton Bank N.A. now owns 10,014 shares of the semiconductor manufacturer’s stock worth $1,624,000 after acquiring an additional 1,627 shares during the period. New England Research & Management Inc. raised its stake in shares of Advanced Micro Devices by 124.3% in the second quarter. New England Research & Management Inc. now owns 12,225 shares of the semiconductor manufacturer’s stock valued at $1,983,000 after acquiring an additional 6,775 shares in the last quarter. Finally, Lynx Investment Advisory purchased a new position in Advanced Micro Devices in the second quarter valued at $199,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were 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 owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AMD. Cantor Fitzgerald cut their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Robert W. Baird dropped their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Susquehanna reaffirmed a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Wells Fargo & Company increased their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Truist Financial decreased their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $1.51 during midday trading on Wednesday, hitting $128.67. The stock had a trading volume of 54,546,405 shares, compared to its average volume of 64,174,758. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a current ratio of 2.82, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $158.95 and a two-hundred day moving average price of $167.36. The company has a market capitalization of $207.97 billion, a PE ratio of 199.00, a P/E/G ratio of 1.79 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.