Claro Advisors LLC Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Claro Advisors LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,374 shares of the semiconductor manufacturer’s stock after purchasing an additional 482 shares during the period. Claro Advisors LLC’s holdings in Advanced Micro Devices were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMD. Curbstone Financial Management Corp lifted its position in shares of Advanced Micro Devices by 1.1% during the 2nd quarter. Curbstone Financial Management Corp now owns 9,766 shares of the semiconductor manufacturer’s stock valued at $747,000 after buying an additional 102 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Advanced Micro Devices by 2.1% during the first quarter. Continuum Advisory LLC now owns 5,452 shares of the semiconductor manufacturer’s stock valued at $466,000 after purchasing an additional 113 shares in the last quarter. JNBA Financial Advisors boosted its position in shares of Advanced Micro Devices by 36.6% in the second quarter. JNBA Financial Advisors now owns 429 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 115 shares during the period. Frisch Financial Group Inc. increased its stake in shares of Advanced Micro Devices by 5.6% in the first quarter. Frisch Financial Group Inc. now owns 2,255 shares of the semiconductor manufacturer’s stock worth $247,000 after purchasing an additional 120 shares in the last quarter. Finally, Sheets Smith Wealth Management raised its position in shares of Advanced Micro Devices by 2.5% during the 2nd quarter. Sheets Smith Wealth Management now owns 5,335 shares of the semiconductor manufacturer’s stock valued at $408,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors own 65.45% of the company’s stock.

Advanced Micro Devices Stock Up 1.5 %

Shares of AMD stock opened at $76.40 on Thursday. The stock’s fifty day moving average price is $65.53 and its 200 day moving average price is $81.39. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.16 and a quick ratio of 1.65. Advanced Micro Devices, Inc. has a 1-year low of $54.57 and a 1-year high of $164.46. The company has a market cap of $123.18 billion, a price-to-earnings ratio of 45.75, a price-to-earnings-growth ratio of 1.49 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The semiconductor manufacturer reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Advanced Micro Devices had a return on equity of 11.17% and a net margin of 9.96%. During the same period in the previous year, the business posted $0.66 EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMD shares. Benchmark dropped their target price on shares of Advanced Micro Devices to $95.00 in a report on Thursday, October 13th. New Street Research upgraded Advanced Micro Devices to a “neutral” rating in a research report on Thursday, October 13th. Northland Securities cut Advanced Micro Devices from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $80.00 to $60.00 in a report on Monday, October 31st. Mizuho cut their price objective on shares of Advanced Micro Devices from $102.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, November 2nd. Finally, Raymond James lowered their target price on shares of Advanced Micro Devices from $100.00 to $80.00 in a report on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $99.88.

Insider Activity at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 10,425 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $57.45, for a total value of $598,916.25. Following the completion of the transaction, the executive vice president now directly owns 130,028 shares in the company, valued at $7,470,108.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is owned by insiders.

Advanced Micro Devices Company Profile

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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, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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

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