Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.4% during the 2nd quarter, Holdings Channel reports. The fund owned 2,522 shares of the semiconductor manufacturer’s stock after selling 356 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Advanced Micro Devices were worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PFG Advisors boosted its position in Advanced Micro Devices by 4.4% in the 2nd quarter. PFG Advisors now owns 6,852 shares of the semiconductor manufacturer’s stock worth $1,111,000 after purchasing an additional 291 shares in the last quarter. Thornburg Investment Management Inc. boosted its holdings in Advanced Micro Devices by 14.0% during the second quarter. Thornburg Investment Management Inc. now owns 202,659 shares of the semiconductor manufacturer’s stock worth $33,022,000 after buying an additional 24,912 shares in the last quarter. BOKF NA grew its position in Advanced Micro Devices by 16.0% during the second quarter. BOKF NA now owns 100,061 shares of the semiconductor manufacturer’s stock valued at $16,231,000 after buying an additional 13,817 shares during the period. Johnson Investment Counsel Inc. increased its holdings in Advanced Micro Devices by 6.4% in the second quarter. Johnson Investment Counsel Inc. now owns 10,251 shares of the semiconductor manufacturer’s stock valued at $1,663,000 after buying an additional 620 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. raised its position in shares of Advanced Micro Devices by 406.7% in the second quarter. Cornercap Investment Counsel Inc. now owns 17,396 shares of the semiconductor manufacturer’s stock worth $2,822,000 after acquiring an additional 13,963 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 4.9 %

NASDAQ AMD opened at $149.86 on Thursday. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The stock has a market capitalization of $242.55 billion, a P/E ratio of 220.39, a PEG ratio of 1.83 and a beta of 1.69. The firm’s 50-day moving average is $150.21 and its two-hundred day moving average is $162.23. 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 released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on 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 owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Bank of America dropped their target price on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays reduced their price objective on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, KeyCorp reduced their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target 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.