Raymond James Trust N.A. Buys 4,010 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Raymond James Trust N.A. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,642 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,010 shares during the quarter. Raymond James Trust N.A.’s holdings in Advanced Micro Devices were worth $6,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AMD. Aljian Capital Management LLC increased its position in Advanced Micro Devices by 25.3% during the second quarter. Aljian Capital Management LLC now owns 3,400 shares of the semiconductor manufacturer’s stock valued at $552,000 after acquiring an additional 687 shares during the last quarter. Sigma Investment Counselors Inc. increased its position in shares of Advanced Micro Devices by 25.9% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 1,408 shares of the semiconductor manufacturer’s stock valued at $228,000 after purchasing an additional 290 shares during the last quarter. Tempus Wealth Planning LLC lifted its stake in shares of Advanced Micro Devices by 18.7% in the 2nd quarter. Tempus Wealth Planning LLC now owns 3,889 shares of the semiconductor manufacturer’s stock worth $631,000 after purchasing an additional 614 shares during the period. POM Investment Strategies LLC lifted its stake in shares of Advanced Micro Devices by 770.6% in the 2nd quarter. POM Investment Strategies LLC now owns 296 shares of the semiconductor manufacturer’s stock worth $48,000 after purchasing an additional 262 shares during the period. Finally, Independence Bank of Kentucky boosted its holdings in shares of Advanced Micro Devices by 144.5% in the second quarter. Independence Bank of Kentucky now owns 12,850 shares of the semiconductor manufacturer’s stock worth $2,084,000 after buying an additional 7,595 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMD. Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Susquehanna reissued a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Mizuho reduced their price target on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Bank of America decreased their price objective on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Barclays lowered their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $193.45.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $3.28 during trading hours on Friday, reaching $154.98. 43,624,504 shares of the company’s stock were exchanged, compared to its average volume of 62,836,805. The business has a fifty day moving average of $154.30 and a two-hundred day moving average of $164.82. The company has a quick ratio of 1.92, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $250.50 billion, a P/E ratio of 227.91, a price-to-earnings-growth ratio of 1.79 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.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current fiscal 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.