Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by MidWestOne Financial Group Inc.

MidWestOne Financial Group Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,247 shares of the semiconductor manufacturer’s stock after purchasing an additional 86 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Advanced Micro Devices were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tradewinds Capital Management LLC grew its position in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Morton Brown Family Wealth LLC grew its position in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 85 shares in the last quarter. Fairway Wealth LLC acquired a new position in Advanced Micro Devices in the 2nd quarter valued at about $27,000. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $28,000. Finally, Semmax Financial Advisors Inc. grew its position in Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 139 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,756 shares of the company’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 directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of several research reports. Edward Jones initiated coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating for the company. Cantor Fitzgerald decreased their price objective on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned 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 currently has an average rating of “Moderate Buy” and an average price target of $193.45.

Advanced Micro Devices Stock Down 1.9 %

Advanced Micro Devices stock opened at $164.35 on Friday. 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 firm has a market capitalization of $265.64 billion, a price-to-earnings ratio of 241.69, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The stock’s fifty day moving average is $146.47 and its two-hundred day moving average is $158.80.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data 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 business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the prior year, the business earned $0.40 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS 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.