Evanson Asset Management LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Evanson Asset Management LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,924 shares of the semiconductor manufacturer’s stock after purchasing an additional 123 shares during the quarter. Evanson Asset Management LLC’s holdings in Advanced Micro Devices were worth $2,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chase Investment Counsel Corp grew its position in Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after buying an additional 87 shares in the last quarter. Pathway Financial Advisors LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $229,000. Fortis Capital Advisors LLC raised its stake in Advanced Micro Devices by 137.8% in the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after purchasing an additional 7,235 shares in the last quarter. Headlands Technologies LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $1,759,000. Finally, Valmark Advisers Inc. grew its stake in Advanced Micro Devices by 50.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,201 shares of the semiconductor manufacturer’s stock worth $1,061,000 after buying an additional 2,413 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 1.5 %

Shares of AMD stock traded down $2.05 during mid-day trading on Friday, reaching $134.27. 40,582,992 shares of the company’s stock traded hands, compared to its average volume of 63,924,113. The company’s 50-day moving average price is $156.96 and its 200-day moving average price is $166.63. The company has a market cap of $217.02 billion, a P/E ratio of 197.46, a P/E/G ratio of 1.79 and a beta of 1.69. The company has a quick ratio of 1.92, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. 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 posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Advanced Micro Devices’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Susquehanna reaffirmed a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Robert W. Baird cut their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Cantor Fitzgerald decreased their price objective on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Morgan Stanley lifted 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 research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $193.45.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Advanced Micro Devices news, 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 completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

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.