Stifel Financial Corp Has $25.93 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stifel Financial Corp grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 276,100 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,038 shares during the period. Stifel Financial Corp’s holdings in Advanced Micro Devices were worth $25,934,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Centaurus Financial Inc. boosted its position in shares of Advanced Micro Devices by 7.3% during the 2nd quarter. Centaurus Financial Inc. now owns 24,965 shares of the semiconductor manufacturer’s stock worth $2,345,000 after acquiring an additional 1,698 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Advanced Micro Devices by 1.5% in the second quarter. Mutual of America Capital Management LLC now owns 158,453 shares of the semiconductor manufacturer’s stock valued at $14,883,000 after buying an additional 2,391 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Advanced Micro Devices by 13.5% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 224,099 shares of the semiconductor manufacturer’s stock valued at $21,050,000 after buying an additional 26,728 shares in the last quarter. Virtu Financial LLC acquired a new stake in Advanced Micro Devices in the first quarter valued at approximately $4,365,000. Finally, Rheos Capital Works Inc. acquired a new stake in Advanced Micro Devices in the second quarter valued at approximately $18,974,000. Hedge funds and other institutional investors own 66.49% of the company’s stock.

In other news, EVP Rick Bergman sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 24th. The shares were sold at an average price of $109.43, for a total value of $218,860.00. Following the completion of the sale, the executive vice president now owns 93,988 shares of the company’s stock, valued at approximately $10,285,106.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Tuesday, September 14th. The shares were sold at an average price of $105.72, for a total transaction of $13,215,000.00. Following the sale, the chief executive officer now owns 2,816,603 shares of the company’s stock, valued at $297,771,269.16. The disclosure for this sale can be found here. Insiders sold a total of 382,420 shares of company stock valued at $40,697,482 in the last ninety days. 1.00% of the stock is owned by corporate insiders.

Advanced Micro Devices stock opened at $109.16 on Thursday. The company has a current ratio of 2.70, a quick ratio of 2.09 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 1-year low of $72.50 and a 1-year high of $122.49. The firm has a market capitalization of $132.41 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 1.04 and a beta of 2.01. The firm’s 50 day simple moving average is $106.70 and its 200 day simple moving average is $92.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Monday, July 26th. The semiconductor manufacturer reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.09. Advanced Micro Devices had a net margin of 25.76% and a return on equity of 39.20%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the company earned $0.18 EPS. The business’s quarterly revenue was up 99.3% compared to the same quarter last year. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.27 earnings per share for the current year.

A number of analysts have weighed in on AMD shares. BMO Capital Markets upgraded shares of Advanced Micro Devices from an “underperform” rating to a “market perform” rating and raised their target price for the company from $80.00 to $110.00 in a research report on Monday, August 9th. Benchmark raised their target price on shares of Advanced Micro Devices from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Rosenblatt Securities restated a “buy” rating and issued a $150.00 target price (up previously from $135.00) on shares of Advanced Micro Devices in a research report on Wednesday, July 28th. The Goldman Sachs Group restated a “buy” rating and issued a $130.00 target price on shares of Advanced Micro Devices in a research report on Friday, August 27th. Finally, Citigroup raised their price target on shares of Advanced Micro Devices from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, July 28th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $106.52.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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

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