Collective Family Office LLC Invests $230,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Collective Family Office LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 2,016 shares of the semiconductor manufacturer’s stock, valued at approximately $230,000.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Advanced Micro Devices by 1.7% in the 1st quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after purchasing an additional 1,112,077 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Advanced Micro Devices by 8.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 55,227,632 shares of the semiconductor manufacturer’s stock worth $5,412,861,000 after buying an additional 4,354,626 shares during the period. FMR LLC increased its position in Advanced Micro Devices by 17.0% during the first quarter. FMR LLC now owns 52,160,154 shares of the semiconductor manufacturer’s stock valued at $5,112,217,000 after acquiring an additional 7,561,155 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Advanced Micro Devices by 1.8% in the first quarter. Geode Capital Management LLC now owns 29,631,077 shares of the semiconductor manufacturer’s stock valued at $2,896,738,000 after acquiring an additional 517,755 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.7% in the 1st quarter. Fisher Asset Management LLC now owns 26,316,911 shares of the semiconductor manufacturer’s stock worth $2,579,321,000 after acquiring an additional 431,867 shares during the last quarter. Institutional investors own 68.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMD. KeyCorp raised their price objective on shares of Advanced Micro Devices from $150.00 to $160.00 in a research note on Tuesday, July 11th. Raymond James upped their price objective on Advanced Micro Devices from $110.00 to $145.00 in a research report on Wednesday, June 14th. The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $97.00 to $137.00 in a research report on Wednesday, June 14th. StockNews.com began coverage on shares of Advanced Micro Devices in a report on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, Mizuho lifted their price objective on shares of Advanced Micro Devices from $90.00 to $140.00 in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $135.19.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 14,942 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the completion of the transaction, the executive vice president now owns 103,663 shares of the company’s stock, valued at $11,010,047.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other 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 sale, the chief executive officer now owns 3,192,774 shares of the company’s stock, valued at approximately $356,281,650.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Darren Grasby sold 14,942 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total value of $1,586,989.82. Following the sale, the executive vice president now owns 103,663 shares in the company, valued at $11,010,047.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 196,643 shares of company stock worth $21,395,584. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Up 0.9 %

Advanced Micro Devices stock opened at $102.37 on Tuesday. The business has a fifty day moving average price of $109.97 and a 200-day moving average price of $104.65. Advanced Micro Devices, Inc. has a 1-year low of $54.57 and a 1-year high of $132.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.18 and a quick ratio of 1.58.

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

About Advanced Micro Devices

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.