Choreo LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Choreo LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 292.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,281 shares of the semiconductor manufacturer’s stock after purchasing an additional 29,282 shares during the period. Choreo LLC’s holdings in Advanced Micro Devices were worth $6,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AMD. Wedbush Securities Inc. grew its stake in shares of Advanced Micro Devices by 13.5% during the second quarter. Wedbush Securities Inc. now owns 83,701 shares of the semiconductor manufacturer’s stock valued at $13,577,000 after buying an additional 9,977 shares during the last quarter. Clifford Swan Investment Counsel LLC boosted its holdings in Advanced Micro Devices by 5.6% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 6,742 shares of the semiconductor manufacturer’s stock valued at $1,094,000 after acquiring an additional 355 shares during the period. Summit Wealth & Retirement Planning Inc. grew its position in Advanced Micro Devices by 6.2% during the 2nd quarter. Summit Wealth & Retirement Planning Inc. now owns 1,694 shares of the semiconductor manufacturer’s stock worth $275,000 after acquiring an additional 99 shares during the last quarter. Prudential PLC increased its stake in Advanced Micro Devices by 20.0% in the 2nd quarter. Prudential PLC now owns 250,862 shares of the semiconductor manufacturer’s stock worth $40,692,000 after purchasing an additional 41,812 shares during the period. Finally, PFG Investments LLC lifted its position in Advanced Micro Devices by 30.8% in the second quarter. PFG Investments LLC now owns 44,994 shares of the semiconductor manufacturer’s stock valued at $7,298,000 after purchasing an additional 10,592 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMD. Edward Jones initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. Barclays cut their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Jefferies Financial Group began coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 price objective for the company. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley upped their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Advanced Micro Devices Stock Up 2.8 %

Shares of NASDAQ:AMD opened at $138.15 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The stock has a market capitalization of $223.59 billion, a price-to-earnings ratio of 203.16, a PEG ratio of 1.83 and a beta of 1.69. The stock has a fifty day simple moving average of $150.92 and a two-hundred day simple moving average of $162.56. The company has a current ratio of 2.82, a quick ratio of 2.01 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 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Advanced Micro Devices 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.