Valley Forge Investment Consultants Inc. ADV Makes New $211,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Valley Forge Investment Consultants Inc. ADV purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,300 shares of the semiconductor manufacturer’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after purchasing an additional 2,349,288 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Advanced Micro Devices by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer’s stock worth $4,177,338,000 after purchasing an additional 570,035 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after buying an additional 2,553,392 shares during the period. Wellington Management Group LLP raised its holdings in Advanced Micro Devices by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer’s stock valued at $2,832,961,000 after buying an additional 478,718 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Advanced Micro Devices by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after buying an additional 2,979,204 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMD. Bank of America decreased their price target on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. 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 report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Cantor Fitzgerald reduced their price target on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Finally, KeyCorp lowered their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $152.31 on Monday. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $149.56 and a 200 day simple moving average of $161.78. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a market cap of $246.51 billion, a P/E ratio of 223.99, a PEG ratio of 2.04 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the company earned $0.40 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

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.