Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Diversified Trust Co

Diversified Trust Co lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.0% in the third quarter, HoldingsChannel.com reports. The firm owned 14,598 shares of the semiconductor manufacturer’s stock after selling 152 shares during the quarter. Diversified Trust Co’s holdings in Advanced Micro Devices were worth $2,395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMD. Azzad Asset Management Inc. ADV increased its stake in Advanced Micro Devices by 4.5% in the third quarter. Azzad Asset Management Inc. ADV now owns 10,681 shares of the semiconductor manufacturer’s stock valued at $1,753,000 after purchasing an additional 456 shares during the last quarter. Herbst Group LLC boosted its holdings in shares of Advanced Micro Devices by 31.3% in the 3rd quarter. Herbst Group LLC now owns 2,103 shares of the semiconductor manufacturer’s stock valued at $345,000 after buying an additional 501 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Advanced Micro Devices by 25.6% in the 3rd quarter. GAMMA Investing LLC now owns 18,749 shares of the semiconductor manufacturer’s stock valued at $3,076,000 after buying an additional 3,816 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Advanced Micro Devices by 8.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 675,253 shares of the semiconductor manufacturer’s stock worth $110,796,000 after acquiring an additional 52,155 shares in the last quarter. Finally, waypoint wealth counsel lifted its position in Advanced Micro Devices by 7.3% in the third quarter. waypoint wealth counsel now owns 1,685 shares of the semiconductor manufacturer’s stock valued at $277,000 after acquiring an additional 114 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s 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 completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Stock Up 0.0 %

AMD stock opened at $170.97 on Tuesday. 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, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The firm has a market capitalization of $276.34 billion, a PE ratio of 251.43, a P/E/G ratio of 2.14 and a beta of 1.70. The company’s 50 day simple moving average is $148.16 and its 200-day simple moving average is $157.76.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the business posted $0.40 earnings per share. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on AMD shares. Morgan Stanley raised their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Citigroup raised their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Monday. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $193.45.

About Advanced Micro Devices

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.