United Capital Financial Advisers LLC decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 29.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,664 shares of the semiconductor manufacturer’s stock after selling 12,188 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Advanced Micro Devices were worth $298,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. A.R.T. Advisors LLC purchased a new position in Advanced Micro Devices during the 1st quarter valued at $7,562,000. Bayesian Capital Management LP purchased a new position in Advanced Micro Devices during the 1st quarter valued at $685,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Advanced Micro Devices by 15.2% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 308,225 shares of the semiconductor manufacturer’s stock valued at $3,098,000 after acquiring an additional 40,606 shares during the period. Rampart Investment Management Company LLC purchased a new position in Advanced Micro Devices during the 1st quarter valued at $158,000. Finally, Amplify Investments LLC purchased a new position in Advanced Micro Devices during the 1st quarter valued at $4,509,000. Institutional investors own 63.54% of the company’s stock.
In related news, SVP Forrest Eugene Norrod sold 62,500 shares of the company’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 approximately $7,645,367.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP James Robert Anderson sold 75,000 shares of the company’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $15.70, for a total value of $1,177,500.00. Following the transaction, the senior vice president now directly owns 310,396 shares in the company, valued at $4,873,217.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,041,341 shares of company stock valued at $15,570,139. Corporate insiders own 1.80% of the company’s stock.
AMD has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price objective on Advanced Micro Devices from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, April 26th. ValuEngine lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. BidaskClub lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday. Finally, Barclays decreased their target price on Advanced Micro Devices from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, April 19th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have given a buy rating to the company. Advanced Micro Devices currently has a consensus rating of “Hold” and an average price target of $15.32.
Advanced Micro Devices opened at $14.99 on Friday, according to Marketbeat. The firm has a market capitalization of $14.84 billion, a PE ratio of 187.38, a P/E/G ratio of 5.44 and a beta of 2.80. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.62 and a quick ratio of 1.20. Advanced Micro Devices, Inc. has a 12 month low of $9.04 and a 12 month high of $17.34.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.55 billion. Advanced Micro Devices had a return on equity of 41.01% and a net margin of 3.29%. research analysts expect that Advanced Micro Devices, Inc. will post 0.36 earnings per share for the current year.
Advanced Micro Devices Company Profile
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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