Hollencrest Capital Management Reduces Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hollencrest Capital Management reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,004 shares of the semiconductor manufacturer’s stock after selling 2,970 shares during the quarter. Hollencrest Capital Management’s holdings in Advanced Micro Devices were worth $1,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cherrydale Wealth Management LLC boosted its position in Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after acquiring an additional 58 shares in the last quarter. Prentice Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Advanced Micro Devices by 0.9% during the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares in the last quarter. Delta Financial Group Inc. grew its stake in Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after purchasing an additional 63 shares during the period. Finally, Integrated Advisors Network LLC raised its holdings in Advanced Micro Devices by 0.3% in the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock worth $2,793,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices 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 sale, 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. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMD shares. KeyCorp decreased their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Citigroup lifted their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Barclays dropped their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Finally, TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Stock Up 5.7 %

AMD opened at $156.74 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two 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. The stock has a market cap of $253.34 billion, a price-to-earnings ratio of 230.50, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. The firm’s fifty day moving average is $147.28 and its 200 day moving average is $161.01.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the company earned $0.40 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side 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.