Grassi Investment Management Has $14.51 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Grassi Investment Management lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,360 shares of the semiconductor manufacturer’s stock after selling 1,550 shares during the quarter. Advanced Micro Devices accounts for about 1.6% of Grassi Investment Management’s investment portfolio, making the stock its 13th biggest holding. Grassi Investment Management’s holdings in Advanced Micro Devices were worth $14,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aspire Private Capital LLC acquired a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $12,055,230,000. Tucker Asset Management LLC acquired a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $31,000. Samalin Investment Counsel LLC boosted its holdings in shares of Advanced Micro Devices by 112.5% in the first quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 180 shares during the period. NewSquare Capital LLC boosted its holdings in shares of Advanced Micro Devices by 170.8% in the first quarter. NewSquare Capital LLC now owns 417 shares of the semiconductor manufacturer’s stock valued at $41,000 after buying an additional 263 shares during the period. Finally, JNBA Financial Advisors boosted its holdings in shares of Advanced Micro Devices by 186.7% in the first quarter. JNBA Financial Advisors now owns 430 shares of the semiconductor manufacturer’s stock valued at $42,000 after buying an additional 280 shares during the period. Institutional investors and hedge funds own 68.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Advanced Micro Devices from $97.00 to $137.00 in a report on Wednesday, June 14th. HSBC boosted their price objective on shares of Advanced Micro Devices from $77.00 to $120.00 in a research report on Thursday, June 15th. Robert W. Baird boosted their price objective on shares of Advanced Micro Devices from $100.00 to $170.00 in a research report on Wednesday, June 14th. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $81.00 to $150.00 in a research report on Wednesday, July 5th. Finally, Wolfe Research initiated coverage on shares of Advanced Micro Devices in a research report on Wednesday, July 19th. They issued an “outperform” rating and a $150.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $135.19.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total value of $8,369,250.00. Following the completion of the transaction, the chief executive officer now owns 3,192,774 shares in the company, valued at approximately $356,281,650.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total transaction of $8,369,250.00. Following the completion of the transaction, the chief executive officer now owns 3,192,774 shares in the company, valued at approximately $356,281,650.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 14,942 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the transaction, the executive vice president now owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The disclosure for this sale can be found here. Insiders sold a total of 196,643 shares of company stock worth $21,395,584 in the last quarter. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 1.1 %

AMD stock opened at $100.35 on Monday. The stock has a market capitalization of $162.13 billion, a P/E ratio of -5,074.50, a price-to-earnings-growth ratio of 5.98 and a beta of 1.80. The company has a current ratio of 2.18, a quick ratio of 1.58 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $54.57 and a 12 month high of $132.83. The firm has a 50-day moving average price of $109.97 and a 200-day moving average price of $104.65.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The business’s revenue for the quarter was down 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.01 EPS for the current fiscal year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.