Richardson Financial Services Inc. Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Richardson Financial Services Inc. lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 45.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 515 shares of the semiconductor manufacturer’s stock after purchasing an additional 160 shares during the quarter. Richardson Financial Services Inc.’s holdings in Advanced Micro Devices were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Precision Wealth Strategies LLC boosted its holdings in shares of Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock worth $598,000 after buying an additional 155 shares during the last quarter. Concentrum Wealth Management lifted its position in shares of Advanced Micro Devices by 6.6% during the 4th quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock valued at $5,625,000 after buying an additional 2,354 shares in the last quarter. 9258 Wealth Management LLC grew 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 valued at $1,787,000 after acquiring an additional 5,009 shares during the period. D.A. Davidson & CO. increased its holdings in 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 worth $3,821,000 after acquiring an additional 5,121 shares in the last quarter. Finally, GW&K Investment Management LLC raised its stake in Advanced Micro Devices by 11.5% during the 4th quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer’s stock worth $121,000 after acquiring an additional 85 shares during the period. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices 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 completion of the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays dropped their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Bank of America lowered their price objective on 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. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a research note on Monday. Finally, Morgan Stanley upped their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. One research 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. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Trading Up 5.7 %

NASDAQ AMD opened at $156.74 on Friday. The stock has a market cap of $253.34 billion, a PE ratio of 230.50, a PEG ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company’s 50-day moving average price is $147.28 and its 200-day moving average price is $161.01. 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 issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. 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 firm earned $0.40 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current 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.