MONECO Advisors LLC Acquires 1,251 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

MONECO Advisors LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 44.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,082 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,251 shares during the period. MONECO Advisors LLC’s holdings in Advanced Micro Devices were worth $383,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Better Money Decisions LLC boosted its holdings in Advanced Micro Devices by 74.1% during the second quarter. Better Money Decisions LLC now owns 282 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Princeton Global Asset Management LLC boosted its holdings in Advanced Micro Devices by 55.6% during the second quarter. Princeton Global Asset Management LLC now owns 280 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 100 shares during the period. Total Clarity Wealth Management Inc. acquired a new position in shares of Advanced Micro Devices during the first quarter valued at about $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Advanced Micro Devices by 46.5% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 315 shares of the semiconductor manufacturer’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Finally, Tradition Wealth Management LLC raised its position in shares of Advanced Micro Devices by 680.0% during the first quarter. Tradition Wealth Management LLC now owns 390 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 66.49% of the company’s stock.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 24th. The shares were sold at an average price of $108.08, for a total value of $13,510,000.00. Following the sale, the chief executive officer now directly owns 2,816,603 shares in the company, valued at approximately $304,418,452.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rick Bergman sold 2,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 24th. The shares were sold at an average price of $109.43, for a total transaction of $218,860.00. Following the completion of the sale, the executive vice president now owns 93,988 shares in the company, valued at $10,285,106.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 330,208 shares of company stock worth $33,902,137. 1.00% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on AMD. Northland Securities upped their price objective on shares of Advanced Micro Devices from $116.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. BMO Capital Markets raised shares of Advanced Micro Devices from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $80.00 to $110.00 in a research report on Monday, August 9th. Mizuho reissued a “buy” rating and issued a $110.00 price target (up previously from $107.00) on shares of Advanced Micro Devices in a research report on Wednesday, July 28th. Westpark Capital assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, May 25th. They issued a “buy” rating for the company. Finally, Susquehanna increased their price target on shares of Advanced Micro Devices from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Wednesday, July 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $104.48.

AMD traded down $1.23 during mid-day trading on Wednesday, hitting $104.50. The stock had a trading volume of 833,485 shares, compared to its average volume of 50,600,879. The stock’s fifty day simple moving average is $102.40 and its 200-day simple moving average is $88.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.09. The firm has a market capitalization of $126.75 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 1.04 and a beta of 2.01. Advanced Micro Devices, Inc. has a 1-year low of $72.50 and a 1-year high of $122.49.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Monday, July 26th. The semiconductor manufacturer reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.09. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.61 billion. Advanced Micro Devices had a net margin of 25.76% and a return on equity of 39.20%. The business’s revenue for the quarter was up 99.3% compared to the same quarter last year. During the same period last year, the business posted $0.18 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.27 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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