MRA Advisory Group Sells 440 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

MRA Advisory Group lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,174 shares of the semiconductor manufacturer’s stock after selling 440 shares during the period. MRA Advisory Group’s holdings in Advanced Micro Devices were worth $353,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMD. Fortis Capital Advisors LLC lifted its position in shares of Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after acquiring an additional 7,235 shares in the last quarter. Chapin Davis Inc. lifted its holdings in Advanced Micro Devices by 613.4% during the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after purchasing an additional 10,544 shares in the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in Advanced Micro Devices by 77.4% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer’s stock worth $7,237,000 after purchasing an additional 21,417 shares during the period. GW&K Investment Management LLC boosted its stake in Advanced Micro Devices by 11.5% in the 4th quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer’s stock worth $121,000 after purchasing an additional 85 shares during the period. Finally, Bank of New Hampshire grew its holdings in Advanced Micro Devices by 811.3% during the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer’s stock valued at $1,456,000 after buying an additional 7,180 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 3.7 %

AMD opened at $134.35 on Friday. The business has a 50 day simple moving average of $151.31 and a two-hundred day simple moving average of $162.88. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The firm has a market capitalization of $217.15 billion, a price-to-earnings ratio of 197.57, a PEG ratio of 2.03 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly 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 is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald cut their price objective on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Bank of America reduced their target price on 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. Finally, TD Cowen reaffirmed a “buy” rating and issued a $210.00 price target on shares of Advanced Micro Devices in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

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.