BDF Gestion Takes $13.26 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

BDF Gestion acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, HoldingsChannel reports. The fund acquired 81,716 shares of the semiconductor manufacturer’s stock, valued at approximately $13,255,000. Advanced Micro Devices comprises about 1.3% of BDF Gestion’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC lifted its position in shares of Advanced Micro Devices by 80.0% during the second quarter. Global Trust Asset Management LLC now owns 225 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Tilia Fiduciary Partners Inc. lifted its holdings in Advanced Micro Devices by 5.7% during the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 17,123 shares of the semiconductor manufacturer’s stock worth $2,778,000 after purchasing an additional 927 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new position in Advanced Micro Devices in the 2nd quarter worth about $282,000. Buffington Mohr McNeal grew its holdings in Advanced Micro Devices by 4.7% during the 2nd quarter. Buffington Mohr McNeal now owns 58,961 shares of the semiconductor manufacturer’s stock valued at $9,564,000 after buying an additional 2,642 shares in the last quarter. Finally, Pacifica Partners Inc. lifted its holdings in shares of Advanced Micro Devices by 25.7% in the second quarter. Pacifica Partners Inc. now owns 24,900 shares of the semiconductor manufacturer’s stock worth $4,080,000 after buying an additional 5,095 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $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 analysts recently weighed in on the stock. Mizuho decreased their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Robert W. Baird dropped their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Truist Financial reduced their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Finally, StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Stock Down 1.5 %

Shares of NASDAQ:AMD traded down $2.05 during midday trading on Friday, reaching $134.27. The company’s stock had a trading volume of 40,545,879 shares, compared to its average volume of 63,924,113. The company has a quick ratio of 1.92, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $157.61 and a 200-day moving average of $166.88. The firm has a market capitalization of $217.02 billion, a P/E ratio of 195.15, a PEG ratio of 1.79 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30.

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, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current year.

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.