Highlander Partners L.P. Has $5.84 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Highlander Partners L.P. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 26.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,000 shares of the semiconductor manufacturer's stock after acquiring an additional 7,500 shares during the quarter. Advanced Micro Devices accounts for about 3.9% of Highlander Partners L.P.'s investment portfolio, making the stock its 7th biggest position. Highlander Partners L.P.'s holdings in Advanced Micro Devices were worth $5,840,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 71 shares during the period. Morton Brown Family Wealth LLC increased its stake in Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after acquiring an additional 85 shares during the period. Fairway Wealth LLC bought a new stake in Advanced Micro Devices in the second quarter valued at about $27,000. Northwest Bank & Trust Co bought a new stake in Advanced Micro Devices in the fourth quarter valued at about $28,000. Finally, Semmax Financial Advisors Inc. increased its stake in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 139 shares during the period. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Trading Down 1.7 %

AMD traded down $2.53 during mid-day trading on Wednesday, hitting $148.29. The stock had a trading volume of 26,183,561 shares, compared to its average volume of 60,150,555. The stock's fifty day simple moving average is $147.79 and its 200-day simple moving average is $161.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The firm has a market capitalization of $239.68 billion, a price-to-earnings ratio of 218.07, a price-to-earnings-growth ratio of 2.04 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 - Get Free Report) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company 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 for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the 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 sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMD. Susquehanna reissued a "positive" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Bank of America decreased 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. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a "buy" rating on the stock. Finally, Truist Financial decreased their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average target price of $193.45.

About Advanced Micro Devices

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.