Wealthfront Advisers LLC Reduces Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealthfront Advisers LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,343 shares of the semiconductor manufacturer’s stock after selling 1,850 shares during the period. Wealthfront Advisers LLC’s holdings in Advanced Micro Devices were worth $1,401,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 107,711,218 shares of the semiconductor manufacturer’s stock worth $3,271,190,000 after purchasing an additional 4,205,071 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Advanced Micro Devices by 5,801.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 13,053,535 shares of the semiconductor manufacturer’s stock worth $396,435,000 after purchasing an additional 12,832,339 shares during the period. Northern Trust Corp boosted its position in shares of Advanced Micro Devices by 2.4% during the 2nd quarter. Northern Trust Corp now owns 10,377,326 shares of the semiconductor manufacturer’s stock worth $315,158,000 after purchasing an additional 246,225 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in shares of Advanced Micro Devices by 4.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 6,112,632 shares of the semiconductor manufacturer’s stock worth $155,993,000 after purchasing an additional 275,365 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Advanced Micro Devices by 4.9% during the 1st quarter. First Trust Advisors LP now owns 5,287,259 shares of the semiconductor manufacturer’s stock worth $134,931,000 after purchasing an additional 248,290 shares during the period. 62.45% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Paul Darren Grasby sold 6,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $31.30, for a total value of $187,800.00. Following the sale, the senior vice president now directly owns 33,113 shares in the company, valued at approximately $1,036,436.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 429,497 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $14,401,034.41. Following the completion of the sale, the chief executive officer now owns 3,231,764 shares in the company, valued at $108,361,046.92. The disclosure for this sale can be found here. Insiders sold a total of 1,686,908 shares of company stock worth $54,473,503 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Shares of AMD opened at $30.81 on Thursday. Advanced Micro Devices, Inc. has a twelve month low of $16.03 and a twelve month high of $35.55. The firm’s fifty day simple moving average is $30.02 and its 200-day simple moving average is $29.85. The firm has a market capitalization of $33.14 billion, a price-to-earnings ratio of 88.03, a PEG ratio of 2.67 and a beta of 2.99. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54.

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 the Zacks’ consensus estimate of $0.08. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the business earned $0.14 EPS. The company’s revenue was down 12.8% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 0.48 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on AMD shares. Loop Capital initiated 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 for the company. Piper Jaffray Companies initiated coverage on shares of Advanced Micro Devices in a report on Monday, August 19th. They set a “neutral” rating and a $33.00 target price on the stock. Jefferies Financial Group increased their target price on shares of Advanced Micro Devices from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Craig Hallum lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a report on Wednesday, July 31st. Finally, BidaskClub lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.04.

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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