Headlands Technologies LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Headlands Technologies LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 28,715 shares of the semiconductor manufacturer's stock, valued at approximately $4,658,000.

A number of other large investors also recently added to or reduced their stakes in the business. Gryphon Financial Partners LLC lifted its holdings in Advanced Micro Devices by 15.8% in the 2nd quarter. Gryphon Financial Partners LLC now owns 3,602 shares of the semiconductor manufacturer's stock worth $584,000 after purchasing an additional 492 shares in the last quarter. Malaga Cove Capital LLC grew its position in Advanced Micro Devices by 2.7% in the 2nd quarter. Malaga Cove Capital LLC now owns 28,076 shares of the semiconductor manufacturer's stock valued at $4,554,000 after acquiring an additional 742 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Advanced Micro Devices by 5.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 349,140 shares of the semiconductor manufacturer's stock worth $56,633,000 after buying an additional 17,595 shares in the last quarter. RPG Investment Advisory LLC lifted its stake in shares of Advanced Micro Devices by 15.8% during the 2nd quarter. RPG Investment Advisory LLC now owns 124,442 shares of the semiconductor manufacturer's stock worth $20,186,000 after purchasing an additional 16,957 shares during the last quarter. Finally, Doheny Asset Management CA lifted its stake in shares of Advanced Micro Devices by 47.6% during the 2nd quarter. Doheny Asset Management CA now owns 41,860 shares of the semiconductor manufacturer's stock worth $6,790,000 after purchasing an additional 13,506 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other 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 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 SEC, which is accessible through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company's stock, valued at $285,278,881.50. The disclosure for this sale can be found here. Company insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMD shares. Robert W. Baird decreased their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating for the company in a research note on Wednesday, July 31st. TD Cowen reiterated a "buy" rating and issued a $210.00 price target on shares of Advanced Micro Devices in a research note on Monday, August 19th. Wedbush reiterated an "outperform" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Jefferies Financial Group started coverage on Advanced Micro Devices in a research note on Monday, May 13th. They issued a "buy" rating and a $190.00 price target for the company. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $193.45.

Advanced Micro Devices Price Performance

AMD traded up $4.69 during trading on Tuesday, hitting $142.84. The company's stock had a trading volume of 37,166,282 shares, compared to its average volume of 61,135,906. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The business's fifty day simple moving average is $150.49 and its 200 day simple moving average is $162.32. The firm has a market capitalization of $231.18 billion, a price-to-earnings ratio of 210.06, a P/E/G ratio of 1.83 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company earned $0.40 earnings per share. Advanced Micro Devices's quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS 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.