Janney Montgomery Scott LLC Has $4.78 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Janney Montgomery Scott LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 157,230 shares of the semiconductor manufacturer’s stock after purchasing an additional 28,504 shares during the period. Janney Montgomery Scott LLC’s holdings in Advanced Micro Devices were worth $4,775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Artisan Partners Limited Partnership raised its stake in Advanced Micro Devices by 66.9% in the first quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock valued at $381,305,000 after buying an additional 5,991,132 shares during the period. Frontier Capital Management Co. LLC raised its stake in Advanced Micro Devices by 613.2% in the first quarter. Frontier Capital Management Co. LLC now owns 2,658,453 shares of the semiconductor manufacturer’s stock valued at $67,844,000 after buying an additional 2,285,726 shares during the period. Scout Investments Inc. bought a new stake in Advanced Micro Devices in the second quarter valued at approximately $55,709,000. Geode Capital Management LLC raised its stake in Advanced Micro Devices by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after buying an additional 1,651,507 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Advanced Micro Devices by 588.0% in the first quarter. Victory Capital Management Inc. now owns 983,125 shares of the semiconductor manufacturer’s stock valued at $25,089,000 after buying an additional 840,222 shares during the period. 60.38% of the stock is owned by hedge funds and other institutional investors.

In other Advanced Micro Devices news, SVP Paul Darren Grasby sold 6,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total transaction of $170,340.00. Following the transaction, the senior vice president now owns 22,979 shares in the company, valued at approximately $652,373.81. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nora Denzel sold 31,737 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $34.29, for a total value of $1,088,261.73. Following the transaction, the director now owns 152,899 shares in the company, valued at approximately $5,242,906.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,878,524 shares of company stock worth $60,911,813. Corporate insiders own 1.50% of the company’s stock.

Advanced Micro Devices stock opened at $30.62 on Wednesday. The business’s fifty day moving average is $32.11. Advanced Micro Devices, Inc. has a one year low of $16.03 and a one year high of $35.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08. The company has a market cap of $37.11 billion, a price-to-earnings ratio of 87.49, a PEG ratio of 2.91 and a beta of 3.06.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company earned $0.14 EPS. The company’s revenue was down 12.8% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current year.

Several analysts have issued reports on AMD shares. Deutsche Bank restated a “hold” rating and issued a $29.00 price objective (up previously from $25.00) on shares of Advanced Micro Devices in a research note on Tuesday, July 30th. Credit Suisse Group set a $30.00 price objective on Advanced Micro Devices and gave the company a “neutral” rating in a research note on Wednesday, July 31st. They noted that the move was a valuation call. Nomura upped their price objective on Advanced Micro Devices from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Atlantic Securities initiated coverage on Advanced Micro Devices in a research note on Monday, July 22nd. They set a “neutral” rating and a $28.00 target price on the stock. Finally, UBS Group increased their target price on Advanced Micro Devices from $24.00 to $31.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have assigned a buy rating to the company. Advanced Micro Devices presently has a consensus rating of “Hold” and an average price target of $31.54.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

See Also: Fundamental Analysis

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD).

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.