Alaethes Wealth LLC Has $2.52 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alaethes Wealth LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,542 shares of the semiconductor manufacturer’s stock after purchasing an additional 84 shares during the quarter. Advanced Micro Devices accounts for about 1.0% of Alaethes Wealth LLC’s investment portfolio, making the stock its 23rd largest holding. Alaethes Wealth LLC’s holdings in Advanced Micro Devices were worth $2,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC raised its stake in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the period. Semmax Financial Advisors Inc. grew its holdings in shares of Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares in the last quarter. Fairway Wealth LLC acquired a new position in Advanced Micro Devices during the second quarter valued at $27,000. Valued Wealth Advisors LLC lifted its stake in Advanced Micro Devices by 70.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 70 shares in the last quarter. Finally, Morton Brown Family Wealth LLC boosted its position in Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. Edward Jones assumed coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Susquehanna restated a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, KeyCorp cut their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, three have issued 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $155.95 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company has a market cap of $252.06 billion, a P/E ratio of 229.34, a P/E/G ratio of 2.04 and a beta of 1.69. The business’s 50 day moving average is $146.77 and its two-hundred day moving average is $160.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (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 analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

About Advanced Micro Devices

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.