Moors & Cabot Inc. Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Moors & Cabot Inc. grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 18,956 shares of the semiconductor manufacturer’s stock after acquiring an additional 679 shares during the period. Moors & Cabot Inc.’s holdings in Advanced Micro Devices were worth $3,075,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in AMD. Fortis Capital Advisors LLC grew its position in Advanced Micro Devices by 137.8% in the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after acquiring an additional 7,235 shares in the last quarter. Chapin Davis Inc. increased its stake in Advanced Micro Devices by 613.4% during the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after buying an additional 10,544 shares during the period. Gordian Capital Singapore Pte Ltd lifted its holdings in Advanced Micro Devices by 77.4% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer’s stock worth $7,237,000 after buying an additional 21,417 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in Advanced Micro Devices by 11.5% during the 4th quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer’s stock worth $121,000 after buying an additional 85 shares in the last quarter. Finally, Bank of New Hampshire boosted its position in Advanced Micro Devices by 811.3% in the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer’s stock valued at $1,456,000 after buying an additional 7,180 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Edward Jones initiated coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating on the stock. Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Advanced Micro Devices Trading Down 0.8 %

Shares of Advanced Micro Devices stock opened at $150.82 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The company has a market capitalization of $243.77 billion, a P/E ratio of 221.79, a PEG ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company’s fifty day moving average is $148.50 and its two-hundred day moving average is $161.13.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. Analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

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.