Berkshire Capital Holdings Inc. Has $8.30 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Berkshire Capital Holdings Inc. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 584,900.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 58,500 shares of the semiconductor manufacturer’s stock after acquiring an additional 58,490 shares during the period. Advanced Micro Devices comprises approximately 2.9% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 18th largest position. Berkshire Capital Holdings Inc.’s holdings in Advanced Micro Devices were worth $8,301,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Analog Century Management LP raised its stake in Advanced Micro Devices by 12.2% during the 2nd quarter. Analog Century Management LP now owns 679,140 shares of the semiconductor manufacturer’s stock worth $96,370,000 after buying an additional 73,678 shares during the period. Nebula Research & Development LLC bought a new stake in shares of Advanced Micro Devices in the second quarter worth about $274,000. Dearborn Partners LLC raised its position in shares of Advanced Micro Devices by 2.3% during the second quarter. Dearborn Partners LLC now owns 4,967 shares of the semiconductor manufacturer’s stock worth $705,000 after purchasing an additional 114 shares during the period. HighVista Strategies LLC bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at about $2,185,000. Finally, NewEdge Advisors LLC grew its position in shares of Advanced Micro Devices by 17.3% in the 2nd quarter. NewEdge Advisors LLC now owns 223,615 shares of the semiconductor manufacturer’s stock valued at $31,731,000 after purchasing an additional 32,913 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the sale, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Ava Hahn sold 2,868 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 58,476 shares of company stock valued at $13,356,593 in the last 90 days. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMD. Stifel Nicolaus raised their target price on shares of Advanced Micro Devices from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. UBS Group raised their price objective on shares of Advanced Micro Devices from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Loop Capital set a $290.00 price objective on shares of Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, November 5th. Evercore ISI increased their target price on Advanced Micro Devices from $270.00 to $283.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. Finally, Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.54.

Advanced Micro Devices Trading Down 0.1%

Advanced Micro Devices stock opened at $221.42 on Thursday. The company has a market cap of $360.48 billion, a price-to-earnings ratio of 109.61, a P/E/G ratio of 1.64 and a beta of 1.93. The firm has a 50-day moving average of $229.15 and a 200-day moving average of $178.12. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. Advanced Micro Devices’s quarterly revenue was up 35.6% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices 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.