Prospera Financial Services Inc Acquires New Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prospera Financial Services Inc acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,319 shares of the semiconductor manufacturer’s stock, valued at approximately $672,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Peddock Capital Advisors LLC raised its position in Advanced Micro Devices by 151.5% during the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 615 shares in the last quarter. Advisory Alpha LLC bought a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $26,000. Berman Capital Advisors LLC raised its position in shares of Advanced Micro Devices by 99.4% in the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 537 shares during the period. First PREMIER Bank bought a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $30,000. Finally, Ropes Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 182.9% in the second quarter. Ropes Wealth Advisors LLC now owns 1,160 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 750 shares during the period. 62.44% of the stock is currently owned by hedge funds and other institutional investors.

In other Advanced Micro Devices news, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $31.30, for a total transaction of $187,800.00. Following the sale, the senior vice president now owns 33,113 shares in the company, valued at $1,036,436.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Forrest Eugene Norrod sold 50,000 shares of Advanced Micro Devices stock in a transaction on Monday, July 29th. The stock was sold at an average price of $34.12, for a total transaction of $1,706,000.00. Following the sale, the senior vice president now owns 809,171 shares in the company, valued at approximately $27,608,914.52. The disclosure for this sale can be found here. Insiders have sold 1,686,908 shares of company stock worth $54,566,203 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

AMD traded up $0.03 during trading on Tuesday, reaching $30.86. 1,191,883 shares of the company’s stock were exchanged, compared to its average volume of 49,171,164. Advanced Micro Devices, Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $35.55. The company has a quick ratio of 1.52, a current ratio of 2.08 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $31.06 and a 200 day moving average price of $29.03. The company has a market capitalization of $33.32 billion, a P/E ratio of 88.29, a PEG ratio of 2.68 and a beta of 3.07.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.08. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company earned $0.14 earnings per share. The business’s revenue was down 12.8% compared to the same quarter last year. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 0.48 EPS for the current year.

A number of equities analysts have recently commented on AMD shares. Cowen set a $40.00 price target on shares of Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, July 31st. Jefferies Financial Group lifted their price target on shares of Advanced Micro Devices from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target on shares of Advanced Micro Devices from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. ValuEngine raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Finally, Credit Suisse Group set a $30.00 price target on shares of Advanced Micro Devices and gave the company a “neutral” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.27.

Advanced Micro Devices Company Profile

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

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

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