NORTHSTAR ASSET MANAGEMENT Co LLC Has $1.25 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

NORTHSTAR ASSET MANAGEMENT Co LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,681 shares of the semiconductor manufacturer’s stock after selling 530 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in Advanced Micro Devices were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Tradewinds Capital Management LLC grew its position in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 71 shares during the period. Northwest Bank & Trust Co acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $28,000. Semmax Financial Advisors Inc. grew its position in Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 139 shares during the period. Bare Financial Services Inc acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated 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 sale, 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 document filed with the SEC, which is available at this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the business’s 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 transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $1.20 during midday trading on Friday, reaching $148.56. The stock had a trading volume of 31,057,094 shares, compared to its average volume of 63,117,477. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The firm’s 50-day moving average price is $154.76 and its 200 day moving average price is $165.43. The firm has a market capitalization of $240.12 billion, a PE ratio of 218.47, 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 (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the business posted $0.40 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMD. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Citigroup lifted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen lifted their price target on shares of Advanced Micro Devices from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Wells Fargo & Company lifted their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Jefferies Financial Group started coverage on shares of Advanced Micro Devices in a report on Monday, May 13th. They set a “buy” rating and a $190.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $193.45.

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.