Wellington Shields Capital Management LLC boosted its holdings in  Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 1.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,130 shares of the semiconductor manufacturer’s stock after purchasing an additional 500 shares during the quarter. Advanced Micro Devices comprises  1.3% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 17th largest position. Wellington Shields Capital Management LLC’s holdings in Advanced Micro Devices were worth $7,397,000 as of its most recent SEC filing. 
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dogwood Wealth Management LLC grew its holdings in Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 208 shares during the period. Avion Wealth grew its holdings in Advanced Micro Devices by 49.3% in the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 72 shares during the period. West Branch Capital LLC grew its holdings in Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 214 shares during the period. High Note Wealth LLC grew its holdings in Advanced Micro Devices by 285.5% in the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock worth $38,000 after purchasing an additional 197 shares during the period. Finally, Quaker Wealth Management LLC grew its holdings in Advanced Micro Devices by 136.2% in the second quarter. Quaker Wealth Management LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $39,000 after purchasing an additional 1,039 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Up 0.5%
Shares of AMD stock opened at $256.12 on Monday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The stock has a market cap of $415.64 billion, a P/E ratio of 147.20, a P/E/G ratio of 2.42 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $191.16 and a two-hundred day simple moving average of $153.70.
Analysts Set New Price Targets
AMD has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $235.00 target price on shares of Advanced Micro Devices and gave the stock a “hold” rating in a research note on Tuesday, October 14th. KGI Securities set a $260.00 target price on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Monday, October 13th. Evercore ISI upped their target price on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Weiss Ratings downgraded shares of Advanced Micro Devices from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley increased their price objective on shares of Advanced Micro Devices from $168.00 to $246.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $237.32.
Read Our Latest Research Report on Advanced Micro Devices
Insider Buying and Selling at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,800 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the completion of the sale, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at approximately $384,529,181.40. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 274,118 shares of company stock valued at $46,180,719 in the last quarter. Insiders own 0.06% of the company’s stock.
Advanced Micro Devices Company 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.
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