Fidelis Capital Partners LLC Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fidelis Capital Partners LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 287.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,300 shares of the semiconductor manufacturer’s stock after buying an additional 18,021 shares during the period. Fidelis Capital Partners LLC’s holdings in Advanced Micro Devices were worth $3,942,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AMD. Tradewinds Capital Management LLC raised its stake in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the period. Semmax Financial Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at approximately $27,000. Valued Wealth Advisors LLC lifted its holdings in Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 70 shares during the last quarter. Finally, Morton Brown Family Wealth LLC grew its position in Advanced Micro Devices by 94.4% in the second 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. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Morgan Stanley boosted their price objective on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. KeyCorp lowered their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Robert W. Baird reduced their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays lowered their price objective 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $155.95 on Friday. The company 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. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a 50-day simple moving average of $146.77 and a 200-day simple moving average of $160.35. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is currently owned by 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.