Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Seeyond

Seeyond reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,051 shares of the semiconductor manufacturer’s stock after selling 1,097 shares during the period. Seeyond’s holdings in Advanced Micro Devices were worth $943,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMD. Westside Investment Management Inc. acquired a new position in shares of Advanced Micro Devices during the second quarter worth approximately $5,484,000. Advisory Alpha LLC bought a new stake in Advanced Micro Devices during the first quarter worth approximately $26,000. First PREMIER Bank bought a new stake in Advanced Micro Devices during the second quarter worth approximately $30,000. Peddock Capital Advisors LLC raised its holdings in Advanced Micro Devices by 151.5% during the first quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 615 shares in the last quarter. Finally, Berman Capital Advisors LLC raised its holdings in Advanced Micro Devices by 99.4% during the first quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 537 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.

Shares of NASDAQ AMD traded up $0.43 during trading on Friday, hitting $30.64. The company had a trading volume of 16,204,835 shares, compared to its average volume of 55,156,428. The company has a market cap of $32.82 billion, a P/E ratio of 87.54, a PEG ratio of 2.64 and a beta of 3.07. Advanced Micro Devices, Inc. has a 52 week low of $16.03 and a 52 week high of $35.55. The business’s 50-day moving average is $31.33 and its 200 day moving average is $28.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08.



Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, research analysts expect that Advanced Micro Devices, Inc. will post 0.48 EPS for the current year.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 8,388 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $281,249.64. Following the sale, the chief accounting officer now directly owns 35,918 shares of the company’s stock, valued at approximately $1,204,330.54. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 128,500 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $30.69, for a total transaction of $3,943,665.00. Following the sale, the chief executive officer now directly owns 2,880,767 shares in the company, valued at $88,410,739.23. The disclosure for this sale can be found here. Insiders sold 1,686,908 shares of company stock worth $54,566,203 in the last ninety days. 1.50% of the stock is owned by corporate insiders.

Several equities research analysts recently commented on the company. Nomura set a $37.00 target price on Advanced Micro Devices and gave the stock a “buy” rating in a report on Friday, August 23rd. Benchmark assumed coverage on Advanced Micro Devices in a report on Thursday, August 1st. They set a “hold” rating on the stock. UBS Group boosted their target price on Advanced Micro Devices from $24.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Loop Capital assumed coverage on Advanced Micro Devices in a report on Monday, August 12th. They set a “hold” rating and a $32.00 target price on the stock. Finally, Wedbush cut Advanced Micro Devices from an “equal weight” rating to a “hold” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twelve have issued a buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and a consensus target price of $31.27.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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