New Age Alpha Advisors LLC Has $4.70 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

New Age Alpha Advisors LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,940 shares of the semiconductor manufacturer’s stock after selling 4,940 shares during the period. Advanced Micro Devices comprises approximately 2.6% of New Age Alpha Advisors LLC’s portfolio, making the stock its 12th biggest holding. New Age Alpha Advisors LLC’s holdings in Advanced Micro Devices were worth $4,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Precision Wealth Strategies LLC grew its stake in shares of Advanced Micro Devices by 4.0% in the 4th quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock valued at $598,000 after buying an additional 155 shares in the last quarter. Concentrum Wealth Management grew its position in Advanced Micro Devices by 6.6% in the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after acquiring an additional 2,354 shares in the last quarter. 9258 Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 70.4% during the 4th quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock worth $1,787,000 after purchasing an additional 5,009 shares during the last quarter. Sachetta LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at $45,000. Finally, D.A. Davidson & CO. lifted its stake in shares of Advanced Micro Devices by 24.6% in the 4th quarter. D.A. Davidson & CO. now owns 25,919 shares of the semiconductor manufacturer’s stock valued at $3,821,000 after purchasing an additional 5,121 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on AMD shares. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company increased their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Citigroup raised their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Susquehanna reaffirmed a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Robert W. Baird dropped their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Trading Down 1.7 %

Shares of AMD stock opened at $148.29 on Thursday. The firm has a fifty day moving average of $147.79 and a 200-day moving average of $161.04. The stock has a market cap of $239.68 billion, a price-to-earnings ratio of 218.07, a P/E/G ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.