Cobblestone Capital Advisors LLC NY Has $476,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cobblestone Capital Advisors LLC NY reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,935 shares of the semiconductor manufacturer’s stock after selling 370 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Advanced Micro Devices were worth $476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. International Assets Investment Management LLC grew its holdings in Advanced Micro Devices by 8.5% during the fourth quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock valued at $3,737,000 after purchasing an additional 1,990 shares during the period. Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $29,000. Precision Wealth Strategies LLC increased its holdings in shares of Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock worth $598,000 after acquiring an additional 155 shares in the last quarter. Concentrum Wealth Management raised its holdings in Advanced Micro Devices by 6.6% during the 4th quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after buying an additional 2,354 shares during the period. Finally, 9258 Wealth Management LLC boosted its stake in Advanced Micro Devices by 70.4% in the 4th quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock worth $1,787,000 after purchasing an additional 5,009 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were 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 in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMD shares. TD Cowen reaffirmed a “buy” rating and issued a $210.00 target price on shares of Advanced Micro Devices in a research report on Monday, August 19th. Wedbush reiterated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Barclays cut 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 research note on Monday, July 29th. Jefferies Financial Group started coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $190.00 price target on the stock. Finally, KeyCorp cut their price objective on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. One equities research 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. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Trading Down 3.7 %

Shares of NASDAQ AMD traded down $5.09 during trading on Friday, reaching $134.35. The company had a trading volume of 39,887,977 shares, compared to its average volume of 61,473,988. The stock has a market cap of $217.15 billion, a P/E ratio of 197.57, a PEG ratio of 2.03 and a beta of 1.69. The company’s fifty day moving average price is $151.31 and its 200-day moving average price is $162.90. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month 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, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, research analysts expect 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.