Brookstone Capital Management Has $6.90 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Brookstone Capital Management increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,952 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,642 shares during the quarter. Brookstone Capital Management’s holdings in Advanced Micro Devices were worth $6,898,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 31,701 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $111.49, for a total value of $3,534,344.49. Following the completion of the sale, the executive vice president now owns 1,513,245 shares of the company’s stock, valued at approximately $168,711,685.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,701 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $111.49, for a total value of $3,534,344.49. Following the sale, the executive vice president now owns 1,513,245 shares of the company’s stock, valued at approximately $168,711,685.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total value of $8,369,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,192,774 shares in the company, valued at $356,281,650.66. The disclosure for this sale can be found here. Insiders sold a total of 196,643 shares of company stock worth $21,395,584 over the last three months. 0.73% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on AMD shares. Barclays boosted their price target on shares of Advanced Micro Devices from $90.00 to $145.00 in a research note on Wednesday, June 14th. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $120.00 to $150.00 in a research note on Wednesday, June 14th. Raymond James increased their price objective on Advanced Micro Devices from $110.00 to $145.00 in a research note on Wednesday, June 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Advanced Micro Devices from $80.00 to $110.00 in a research report on Wednesday, June 14th. Finally, The Goldman Sachs Group increased their price target on Advanced Micro Devices from $97.00 to $137.00 in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $135.19.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $101.49 on Monday. Advanced Micro Devices, Inc. has a 12 month low of $54.57 and a 12 month high of $132.83. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.03. The stock has a market cap of $163.97 billion, a P/E ratio of -5,074.50, a P/E/G ratio of 5.98 and a beta of 1.80. The company has a 50 day moving average of $109.97 and a 200 day moving average of $104.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue was down 18.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.01 EPS for the current fiscal year.

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.