First Trust Advisors LP Sells 928,753 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

First Trust Advisors LP lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,358,506 shares of the semiconductor manufacturer’s stock after selling 928,753 shares during the period. First Trust Advisors LP’s holdings in Advanced Micro Devices were worth $132,368,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Joseph P. Lucia & Associates LLC bought a new stake in Advanced Micro Devices during the first quarter valued at about $25,000. Westside Investment Management Inc. purchased a new position in shares of Advanced Micro Devices in the second quarter valued at about $5,484,000. Advisory Alpha LLC purchased a new position in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Advanced Micro Devices in the first quarter valued at about $26,000. Finally, First PREMIER Bank purchased a new position in shares of Advanced Micro Devices in the second quarter valued at about $30,000. 60.91% of the stock is owned by institutional investors and hedge funds.

NASDAQ:AMD opened at $34.19 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.08 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $31.69 billion, a P/E ratio of 97.69, a P/E/G ratio of 2.48 and a beta of 3.06. Advanced Micro Devices, Inc. has a 12 month low of $16.03 and a 12 month high of $35.55. The stock has a 50-day moving average price of $31.77.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. Equities research analysts predict that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 164,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $33.66, for a total transaction of $5,520,240.00. Following the sale, the chief executive officer now directly owns 2,375,264 shares of the company’s stock, valued at $79,951,386.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Paul Darren Grasby sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total value of $170,340.00. Following the sale, the senior vice president now directly owns 22,979 shares in the company, valued at $652,373.81. The disclosure for this sale can be found here. Insiders have sold 923,637 shares of company stock worth $28,825,284 over the last three months. 1.50% of the stock is currently owned by insiders.

AMD has been the topic of several research analyst reports. Mizuho set a $36.00 price objective on Advanced Micro Devices and gave the company a “hold” rating in a research report on Wednesday, July 31st. Royal Bank of Canada set a $43.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price objective on Advanced Micro Devices from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. ValuEngine upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Bank of America boosted their price objective on Advanced Micro Devices from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.08.

About Advanced Micro Devices

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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