Cox Capital Mgt LLC Buys Shares of 28,306 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cox Capital Mgt LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,306 shares of the semiconductor manufacturer's stock, valued at approximately $4,644,000. Advanced Micro Devices comprises about 2.8% of Cox Capital Mgt LLC's portfolio, making the stock its 9th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Tradewinds Capital Management LLC raised its stake in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 71 shares during the last quarter. ZRC Wealth Management LLC increased its position in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC lifted its holdings 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 purchased a new position in Advanced Micro Devices in the second quarter worth about $27,000. Finally, Northwest Bank & Trust Co bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

AMD stock traded up $3.71 during trading on Friday, hitting $167.89. 42,136,175 shares of the company's stock traded hands, compared to its average volume of 58,067,195. The business has a fifty day simple moving average of $151.34 and a 200 day simple moving average of $157.72. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The stock has a market capitalization of $271.36 billion, a price-to-earnings ratio of 246.90, a P/E/G ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The business's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

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 stock was 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 owns 1,546,227 shares in the company, valued at $285,278,881.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AMD shares. Edward Jones began coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a "buy" rating on the stock. Susquehanna reiterated a "positive" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Barclays reduced their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an "overweight" rating for the company in a research note on Monday, July 29th. Bank of America reiterated a "buy" rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Finally, Truist Financial reduced their price target on Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company 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 given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $195.00.

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.