WCG Wealth Advisors LLC Purchases 4,587 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

WCG Wealth Advisors LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 19.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,301 shares of the semiconductor manufacturer's stock after buying an additional 4,587 shares during the period. WCG Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $4,591,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMD. MRP Capital Investments LLC acquired a new position in Advanced Micro Devices during the 2nd quarter worth about $81,000. SkyOak Wealth LLC raised its stake in Advanced Micro Devices by 68.9% during the 2nd quarter. SkyOak Wealth LLC now owns 3,137 shares of the semiconductor manufacturer's stock worth $509,000 after buying an additional 1,280 shares during the period. Highlander Partners L.P. lifted its holdings in Advanced Micro Devices by 26.3% during the second quarter. Highlander Partners L.P. now owns 36,000 shares of the semiconductor manufacturer's stock worth $5,840,000 after acquiring an additional 7,500 shares in the last quarter. Waterloo Capital L.P. grew its stake in Advanced Micro Devices by 19.2% in the second quarter. Waterloo Capital L.P. now owns 12,032 shares of the semiconductor manufacturer's stock valued at $1,952,000 after acquiring an additional 1,938 shares during the period. Finally, Blair William & Co. IL increased its holdings in shares of Advanced Micro Devices by 7.0% in the second quarter. Blair William & Co. IL now owns 237,556 shares of the semiconductor manufacturer's stock worth $38,534,000 after acquiring an additional 15,475 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling 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 shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, 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 can be accessed through this link. Company insiders own 0.73% of the company's stock.

Advanced Micro Devices Stock Up 5.5 %

Shares of Advanced Micro Devices stock traded up $8.20 on Thursday, hitting $156.49. The company had a trading volume of 13,228,484 shares, compared to its average volume of 59,871,031. The stock has a 50 day moving average of $147.79 and a 200-day moving average of $161.04. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The stock has a market capitalization of $252.94 billion, a price-to-earnings ratio of 218.07, a P/E/G ratio of 2.04 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm earned $0.40 EPS. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMD shares. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Morgan Stanley increased their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 31st. TD Cowen raised Advanced Micro Devices to a "strong-buy" rating in a research report on Monday. Barclays lowered their price target on Advanced Micro Devices from $235.00 to $180.00 and set an "overweight" rating on the stock in a research report on Monday, July 29th. Finally, StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $193.45.

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.