WealthTrust Axiom LLC Sells 2,000 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

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WealthTrust Axiom LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,000 shares of the semiconductor manufacturer’s stock after selling 2,000 shares during the period. WealthTrust Axiom LLC’s holdings in Advanced Micro Devices were worth $273,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AMD. Joseph P. Lucia & Associates LLC bought a new position in Advanced Micro Devices in the 1st quarter worth approximately $25,000. Advisory Alpha LLC bought a new position in Advanced Micro Devices in the 1st quarter worth approximately $26,000. Peddock Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 151.5% in the 1st quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 615 shares during the period. Berman Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 99.4% in the 1st quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 537 shares during the period. Finally, First PREMIER Bank bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $30,000. 62.86% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on AMD. Bank of America raised their price objective on shares of Advanced Micro Devices from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Credit Suisse Group set a $30.00 price objective on shares of Advanced Micro Devices and gave the company a “neutral” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. Cowen set a $40.00 price objective on shares of Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, July 31st. Loop Capital began coverage on shares of Advanced Micro Devices in a research report on Monday, August 12th. They set a “hold” rating and a $32.00 price objective on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and set a $44.00 price objective (up previously from $43.00) on shares of Advanced Micro Devices in a research report on Sunday, August 11th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.59.

In other Advanced Micro Devices news, Director Nora Denzel sold 31,737 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $34.29, for a total value of $1,088,261.73. Following the sale, the director now owns 152,899 shares of the company’s stock, valued at approximately $5,242,906.71. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Devinder Kumar sold 127,735 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $28.30, for a total transaction of $3,614,900.50. Following the completion of the sale, the chief financial officer now directly owns 709,990 shares in the company, valued at approximately $20,092,717. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,878,524 shares of company stock worth $60,911,813. 1.50% of the stock is owned by corporate insiders.

NASDAQ:AMD traded down $0.29 during trading hours on Tuesday, reaching $29.99. The company’s stock had a trading volume of 34,455,102 shares, compared to its average volume of 82,106,096. The firm has a market capitalization of $32.07 billion, a price-to-earnings ratio of 85.69, a PEG ratio of 2.53 and a beta of 3.06. The firm has a 50-day simple moving average of $32.08 and a 200-day simple moving average of $28.31. Advanced Micro Devices, Inc. has a 1 year low of $16.03 and a 1 year high of $35.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The firm’s revenue was down 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

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