Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 275,954 shares of the semiconductor manufacturer's stock after selling 33,968 shares during the quarter. Varma Mutual Pension Insurance Co's holdings in Advanced Micro Devices were worth $44,762,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tradewinds Capital Management LLC boosted its holdings in Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 71 shares during the last quarter. Morton Brown Family Wealth LLC boosted its holdings in Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 85 shares during the last quarter. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Semmax Financial Advisors Inc. grew its position in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 139 shares during the period. Finally, Gables Capital Management Inc. acquired a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm's stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company's stock, valued at $285,278,881.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company's stock, valued at $285,278,881.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research analyst reports. Barclays lowered their price target on Advanced Micro Devices from $235.00 to $180.00 and set an "overweight" rating for the company in a report on Monday, July 29th. Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They issued a "buy" rating and a $190.00 price target on the stock. Bank of America lowered their price objective on shares of Advanced Micro Devices from $195.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, July 31st. Finally, Cantor Fitzgerald dropped their price objective on Advanced Micro Devices from $200.00 to $180.00 and set an "overweight" rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $193.45.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $5.09 during mid-day trading on Friday, hitting $134.35. 39,887,977 shares of the stock were exchanged, compared to its average volume of 61,473,988. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The stock has a market capitalization of $217.15 billion, a price-to-earnings ratio of 197.57, a P/E/G ratio of 2.03 and a beta of 1.69. The stock's fifty day simple moving average is $151.31 and its two-hundred day simple moving average is $162.87.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

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.