Sargent Investment Group LLC Has $510,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sargent Investment Group LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 63.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,141 shares of the semiconductor manufacturer’s stock after buying an additional 1,218 shares during the quarter. Sargent Investment Group LLC’s holdings in Advanced Micro Devices were worth $510,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cherrydale Wealth Management LLC grew its stake in Advanced Micro Devices by 4.7% during the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after buying an additional 58 shares during the last quarter. Prentice Wealth Management LLC raised its position in Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after purchasing an additional 63 shares in the last quarter. Delta Financial Group Inc. grew its holdings in Advanced Micro Devices by 5.0% during the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after acquiring an additional 63 shares during the last quarter. Finally, Integrated Advisors Network LLC increased its holdings in shares of Advanced Micro Devices by 0.3% in the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock valued at $2,793,000 after purchasing an additional 65 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices 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 directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Trading Down 0.2 %

AMD stock opened at $152.08 on Tuesday. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The stock has a market cap of $245.81 billion, a price-to-earnings ratio of 223.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. The company has a fifty day moving average price of $149.03 and a two-hundred day moving average price of $161.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. Morgan Stanley raised their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Bank of America reduced their price objective on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company increased their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Finally, Susquehanna reaffirmed a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices 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.