Amundi Asset Management US Inc. Sells 1,234,807 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Amundi Asset Management US Inc. lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.7% during the first quarter, Holdings Channel.com reports. The fund owned 2,219,548 shares of the semiconductor manufacturer’s stock after selling 1,234,807 shares during the period. Amundi Asset Management US Inc.’s holdings in Advanced Micro Devices were worth $174,236,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMD. Hartford Financial Management Inc. grew its holdings in Advanced Micro Devices by 250.0% in the 1st quarter. Hartford Financial Management Inc. now owns 350 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 250 shares during the last quarter. Total Clarity Wealth Management Inc. bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $27,000. Winch Advisory Services LLC boosted its stake in shares of Advanced Micro Devices by 287.1% during the 1st quarter. Winch Advisory Services LLC now owns 391 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 290 shares in the last quarter. Tradition Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 680.0% during the 1st quarter. Tradition Wealth Management LLC now owns 390 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 340 shares in the last quarter. Finally, Sittner & Nelson LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $32,000. 67.57% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on AMD. Summit Insights lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, April 28th. Benchmark began coverage on shares of Advanced Micro Devices in a research note on Friday, May 28th. They set a “buy” rating and a $100.00 target price on the stock. Westpark Capital initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, May 25th. They set a “buy” rating on the stock. Northland Securities boosted their price objective on shares of Advanced Micro Devices from $96.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Finally, KeyCorp initiated coverage on shares of Advanced Micro Devices in a research note on Thursday, May 20th. They set a “sector weight” rating on the stock. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $96.69.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 79,183 shares of the company’s stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $84.23, for a total transaction of $6,669,584.09. Following the completion of the sale, the senior vice president now directly owns 329,141 shares of the company’s stock, valued at $27,723,546.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, July 15th. The shares were sold at an average price of $88.81, for a total transaction of $4,884,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 523,070 shares of company stock valued at $42,215,787. 1.00% of the stock is owned by corporate insiders.

AMD opened at $89.41 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.51 and a quick ratio of 1.94. The firm’s 50 day moving average is $83.76. Advanced Micro Devices, Inc. has a twelve month low of $56.97 and a twelve month high of $99.23. The stock has a market capitalization of $108.63 billion, a PE ratio of 38.05, a price-to-earnings-growth ratio of 1.31 and a beta of 2.06.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.08. Advanced Micro Devices had a net margin of 25.24% and a return on equity of 35.31%. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company earned $0.18 earnings per share. The firm’s quarterly revenue was up 92.9% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 1.91 earnings per share for the current year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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

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