Legacy Financial Advisors Inc. Acquires 187 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Legacy Financial Advisors Inc. increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,908 shares of the semiconductor manufacturer’s stock after buying an additional 187 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Advanced Micro Devices were worth $958,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Summit Trail Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 16.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 20,079 shares of the semiconductor manufacturer’s stock valued at $3,257,000 after buying an additional 2,815 shares during the period. Thrivent Financial for Lutherans increased its position in Advanced Micro Devices by 12.9% during the second quarter. Thrivent Financial for Lutherans now owns 1,463,056 shares of the semiconductor manufacturer’s stock valued at $237,322,000 after acquiring an additional 166,933 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Advanced Micro Devices by 4.3% in the second quarter. Pacer Advisors Inc. now owns 233,490 shares of the semiconductor manufacturer’s stock valued at $37,874,000 after acquiring an additional 9,528 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in Advanced Micro Devices by 1.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,676,180 shares of the semiconductor manufacturer’s stock worth $271,893,000 after purchasing an additional 21,908 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 30.7% during the 2nd quarter. AE Wealth Management LLC now owns 198,157 shares of the semiconductor manufacturer’s stock valued at $32,143,000 after purchasing an additional 46,595 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 business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Cantor Fitzgerald cut their price objective on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Morgan Stanley raised their target price on shares of 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. Citigroup increased their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One equities 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $155.95 on Friday. The firm has a market capitalization of $252.06 billion, a PE ratio of 229.34, a price-to-earnings-growth 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 firm has a 50-day moving average price of $146.77 and a 200-day moving average price of $160.66. 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 quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping 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 firm 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 posted $0.40 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current 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.