Wealthfront Inc. Has $187,000 Stake in Advanced Micro Devices (AMD)

Wealthfront Inc. decreased its holdings in shares of Advanced Micro Devices (NASDAQ:AMD) by 49.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,568 shares of the semiconductor manufacturer’s stock after selling 18,327 shares during the quarter. Wealthfront Inc.’s holdings in Advanced Micro Devices were worth $187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. American International Group Inc. increased its stake in shares of Advanced Micro Devices by 21.6% during the 4th quarter. American International Group Inc. now owns 291,836 shares of the semiconductor manufacturer’s stock worth $3,000,000 after purchasing an additional 51,895 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Advanced Micro Devices by 32.5% during the 4th quarter. Gateway Investment Advisers LLC now owns 631,346 shares of the semiconductor manufacturer’s stock worth $6,490,000 after purchasing an additional 154,756 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Advanced Micro Devices by 10.1% during the 4th quarter. OppenheimerFunds Inc. now owns 22,076,133 shares of the semiconductor manufacturer’s stock worth $226,943,000 after purchasing an additional 2,022,320 shares during the last quarter. Sigma Planning Corp increased its stake in shares of Advanced Micro Devices by 43.4% during the 4th quarter. Sigma Planning Corp now owns 23,879 shares of the semiconductor manufacturer’s stock worth $245,000 after purchasing an additional 7,231 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $290,000. Institutional investors own 62.14% of the company’s stock.

AMD has been the topic of a number of research analyst reports. Vetr lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.85 target price on the stock. in a research note on Friday, January 19th. BidaskClub upgraded shares of Advanced Micro Devices from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 9th. Bank of America lowered their target price on shares of Advanced Micro Devices from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, April 20th. Zacks Investment Research upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Monday, April 9th. Finally, MKM Partners raised their target price on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research note on Monday, January 29th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have issued a buy rating to the stock. Advanced Micro Devices has a consensus rating of “Hold” and a consensus price target of $14.74.

In other news, SVP James Robert Anderson sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $11.92, for a total transaction of $1,490,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $11.02, for a total transaction of $688,750.00. Following the transaction, the senior vice president now directly owns 693,772 shares of the company’s stock, valued at $7,645,367.44. The disclosure for this sale can be found here. Insiders have sold a total of 624,848 shares of company stock valued at $7,409,795 over the last ninety days. 1.80% of the stock is owned by insiders.

Advanced Micro Devices opened at $12.23 on Tuesday, according to MarketBeat Ratings. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 152.88, a P/E/G ratio of 4.33 and a beta of 2.84. Advanced Micro Devices has a 52-week low of $12.04 and a 52-week high of $12.35.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Advanced Micro Devices had a net margin of 3.29% and a return on equity of 41.01%. research analysts forecast that Advanced Micro Devices will post 0.36 EPS for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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