Executive Wealth Management LLC Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Executive Wealth Management LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,020 shares of the semiconductor manufacturer’s stock after buying an additional 2,770 shares during the period. Executive Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Advanced Micro Devices by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,399,337 shares of the semiconductor manufacturer’s stock worth $62,743,000 after purchasing an additional 136,475 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Advanced Micro Devices by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after acquiring an additional 1,651,507 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $215,000. Louisiana State Employees Retirement System increased its stake in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock valued at $1,187,000 after acquiring an additional 400 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at about $121,000. Hedge funds and other institutional investors own 60.38% of the company’s stock.

AMD stock traded down $0.26 during trading hours on Thursday, hitting $29.98. 38,463,348 shares of the stock were exchanged, compared to its average volume of 69,495,664. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52. The firm has a market cap of $35.20 billion, a price-to-earnings ratio of 85.66, a P/E/G ratio of 2.76 and a beta of 3.06. The firm has a 50-day moving average price of $32.12. Advanced Micro Devices, Inc. has a 12 month low of $16.03 and a 12 month high of $35.55.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 EPS. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 0.5 EPS for the current year.

In related news, CAO Darla M. Smith sold 8,388 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $33.53, for a total value of $281,249.64. Following the transaction, the chief accounting officer now owns 35,918 shares in the company, valued at $1,204,330.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total value of $170,340.00. Following the completion of the transaction, the senior vice president now owns 22,979 shares in the company, valued at approximately $652,373.81. The disclosure for this sale can be found here. Insiders have sold a total of 1,878,524 shares of company stock worth $60,911,813 in the last quarter. Company insiders own 1.50% of the company’s stock.

A number of brokerages have recently commented on AMD. MKM Partners upped their price target on Advanced Micro Devices to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Loop Capital began coverage on Advanced Micro Devices in a research note on Monday. They issued a “hold” rating and a $32.00 price target for the company. Cowen set a $40.00 price target on Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, July 31st. Wedbush cut Advanced Micro Devices from an “equal weight” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Bank of America upped their price target on Advanced Micro Devices from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirteen have issued a buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and an average target price of $31.54.

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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