Circle Wealth Management LLC Buys 7,954 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Circle Wealth Management LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 177.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,447 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,954 shares during the quarter. Circle Wealth Management LLC’s holdings in Advanced Micro Devices were worth $2,019,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Hancock Whitney Corp grew its stake in Advanced Micro Devices by 1.6% in the second quarter. Hancock Whitney Corp now owns 50,168 shares of the semiconductor manufacturer’s stock valued at $8,138,000 after acquiring an additional 801 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Advanced Micro Devices by 89.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock worth $336,000 after purchasing an additional 974 shares in the last quarter. Alaethes Wealth LLC grew its position in Advanced Micro Devices by 0.5% in the 2nd quarter. Alaethes Wealth LLC now owns 15,542 shares of the semiconductor manufacturer’s stock valued at $2,521,000 after purchasing an additional 84 shares during the period. Legacy Financial Advisors Inc. increased its stake in Advanced Micro Devices by 3.3% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 5,908 shares of the semiconductor manufacturer’s stock valued at $958,000 after purchasing an additional 187 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in Advanced Micro Devices by 16.3% during the second quarter. Summit Trail Advisors LLC now owns 20,079 shares of the semiconductor manufacturer’s stock worth $3,257,000 after buying an additional 2,815 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $155.95 on Friday. The firm has a market capitalization of $252.06 billion, a PE ratio of 229.34, a P/E/G ratio of 2.04 and a beta of 1.69. 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 50-day moving average price of $146.77 and a two-hundred day moving average price of $160.35. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate 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 company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the firm earned $0.40 EPS. Advanced Micro Devices’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on AMD. Morgan Stanley boosted 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 report on Wednesday, July 31st. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Barclays dropped their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Bank of America decreased their price target on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Cantor Fitzgerald lowered their price target on 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. One research 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.45.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is owned by company insiders.

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.