Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lifted by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 463 shares of the semiconductor manufacturer’s stock after acquiring an additional 136 shares during the quarter. Janiczek Wealth Management LLC’s holdings in Advanced Micro Devices were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. State Street Corp raised its holdings in Advanced Micro Devices by 1.7% during the first quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after purchasing an additional 1,112,077 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Advanced Micro Devices by 8.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 55,227,632 shares of the semiconductor manufacturer’s stock valued at $5,412,861,000 after buying an additional 4,354,626 shares in the last quarter. FMR LLC grew its holdings in Advanced Micro Devices by 17.0% during the first quarter. FMR LLC now owns 52,160,154 shares of the semiconductor manufacturer’s stock worth $5,112,217,000 after acquiring an additional 7,561,155 shares during the period. Geode Capital Management LLC raised its position in Advanced Micro Devices by 1.8% in the first quarter. Geode Capital Management LLC now owns 29,631,077 shares of the semiconductor manufacturer’s stock worth $2,896,738,000 after acquiring an additional 517,755 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Advanced Micro Devices by 1.7% during the 1st quarter. Fisher Asset Management LLC now owns 26,316,911 shares of the semiconductor manufacturer’s stock valued at $2,579,321,000 after purchasing an additional 431,867 shares in the last quarter. 68.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the sale, the chief executive officer now directly owns 3,358,721 shares in the company, valued at $354,009,193.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Lisa T. Su sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $105.40, for a total value of $7,905,000.00. Following the sale, the chief executive officer now directly owns 3,358,721 shares in the company, valued at approximately $354,009,193.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul Darren Grasby sold 14,942 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the transaction, the executive vice president now owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,643 shares of company stock worth $21,395,584. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 4.8 %

Advanced Micro Devices stock opened at $101.49 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.18 and a quick ratio of 1.58. Advanced Micro Devices, Inc. has a fifty-two week low of $54.57 and a fifty-two week high of $132.83. The firm has a fifty day moving average price of $109.97 and a two-hundred day moving average price of $104.65. The firm has a market cap of $163.97 billion, a price-to-earnings ratio of -5,074.50, a P/E/G ratio of 5.98 and a beta of 1.80.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Advanced Micro Devices had a positive return on equity of 5.69% and a negative net margin of 0.11%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue was down 18.2% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Advanced Micro Devices from $97.00 to $137.00 in a research note on Wednesday, June 14th. HSBC upped their target price on Advanced Micro Devices from $77.00 to $120.00 in a report on Thursday, June 15th. Stifel Nicolaus lifted their price target on Advanced Micro Devices from $98.00 to $145.00 in a research note on Wednesday, June 14th. Wolfe Research initiated coverage on shares of Advanced Micro Devices in a research note on Wednesday, July 19th. They set an “outperform” rating and a $150.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $138.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.19.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.