Trust Investment Advisors Trims Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Trust Investment Advisors lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,755 shares of the semiconductor manufacturer’s stock after selling 2,700 shares during the quarter. Trust Investment Advisors’ holdings in Advanced Micro Devices were worth $509,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the stock. Joseph P. Lucia & Associates LLC purchased a new position in shares of Advanced Micro Devices in the 1st quarter worth $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth about $26,000. Advisory Alpha LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth about $26,000. Peddock Capital Advisors LLC lifted its stake in shares of Advanced Micro Devices by 151.5% during 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 last quarter. Finally, Berman Capital Advisors LLC lifted its stake in shares of Advanced Micro Devices by 99.4% during 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 last quarter. 60.91% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on AMD. Barclays raised their price target on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. MKM Partners raised their price target on shares of Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Nomura raised their price target on shares of Advanced Micro Devices from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Bank of America raised their price target on shares of Advanced Micro Devices from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Finally, Jefferies Financial Group raised their price target on shares of Advanced Micro Devices from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $31.48.

Shares of AMD stock traded up $0.27 during mid-day trading on Friday, reaching $34.19. The stock had a trading volume of 130,658,798 shares, compared to its average volume of 63,379,744. The business has a fifty day moving average of $31.77. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54. The company has a market cap of $36.82 billion, a price-to-earnings ratio of 97.69, a price-to-earnings-growth ratio of 2.89 and a beta of 3.06. Advanced Micro Devices, Inc. has a 1-year low of $16.03 and a 1-year high of $35.55.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company’s revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. Analysts forecast 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 128,500 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.94, for a total transaction of $3,718,790.00. Following the transaction, the chief executive officer now owns 2,289,764 shares in the company, valued at $66,265,770.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $26.86, for a total value of $805,800.00. Following the transaction, the executive vice president now owns 1,329,588 shares in the company, valued at approximately $35,712,733.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 923,637 shares of company stock worth $28,825,284. 1.50% of the stock is owned by corporate insiders.

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.

Read More: Percentage Gainers

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD).

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.