LGT Group Foundation Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

LGT Group Foundation lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 28.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,840 shares of the semiconductor manufacturer's stock after selling 21,023 shares during the quarter. LGT Group Foundation's holdings in Advanced Micro Devices were worth $8,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tradewinds Capital Management LLC boosted its holdings in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 71 shares in the last quarter. Morton Brown Family Wealth LLC boosted its holdings in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 85 shares in the last quarter. Northwest Bank & Trust Co purchased a new stake in Advanced Micro Devices during the fourth quarter worth $28,000. Semmax Financial Advisors Inc. boosted its holdings in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 139 shares in the last quarter. Finally, Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

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

Advanced Micro Devices Trading Up 2.8 %

Shares of AMD traded up $3.80 during trading on Monday, reaching $138.15. 27,083,360 shares of the company traded hands, compared to its average volume of 61,273,504. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The stock has a market cap of $223.59 billion, a PE ratio of 203.16, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. The stock has a 50-day simple moving average of $150.92 and a 200-day simple moving average of $162.56. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.72 billion. During the same period last year, the business earned $0.40 earnings per share. The business's revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial lowered their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a report on Wednesday, July 31st. Susquehanna reaffirmed a "positive" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, July 31st. Citigroup increased their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a "buy" rating in a report on Monday, July 15th. Finally, Wells Fargo & Company increased their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $193.45.

Advanced Micro Devices Profile

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.