Frank Rimerman Advisors LLC Has $5.94 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Frank Rimerman Advisors LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2,179.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,589 shares of the semiconductor manufacturer’s stock after buying an additional 34,984 shares during the period. Frank Rimerman Advisors LLC’s holdings in Advanced Micro Devices were worth $5,935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. Cherrydale Wealth Management LLC boosted its stake in Advanced Micro Devices by 4.7% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after buying an additional 58 shares in the last quarter. Prentice Wealth Management LLC grew its holdings 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 worth $711,000 after purchasing an additional 62 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after purchasing an additional 63 shares in the last quarter. Delta Financial Group Inc. lifted its holdings in Advanced Micro Devices by 5.0% during the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after purchasing an additional 63 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its holdings in Advanced Micro Devices by 0.3% during the 4th quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock valued at $2,793,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $155.95 on Friday. The stock has a market cap of $252.06 billion, a price-to-earnings ratio of 229.34, a P/E/G ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company’s fifty day moving average is $146.77 and its 200 day moving average is $160.35. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Morgan Stanley raised their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Bank of America reduced their price target on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Susquehanna restated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices 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-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $193.45.

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.