Gateway Advisory LLC Sells 135 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Gateway Advisory LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,503 shares of the semiconductor manufacturer’s stock after selling 135 shares during the quarter. Gateway Advisory LLC’s holdings in Advanced Micro Devices were worth $406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tradewinds Capital Management LLC raised its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares during the period. Morton Brown Family Wealth LLC lifted its holdings in Advanced Micro Devices by 94.4% during 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. Fairway Wealth LLC bought a new position in Advanced Micro Devices during the second quarter worth $27,000. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at $28,000. Finally, Semmax Financial Advisors Inc. raised its position in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 139 shares during the period. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Truist Financial reduced their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Cantor Fitzgerald dropped their target price on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Trading Up 0.5 %

Shares of Advanced Micro Devices stock opened at $156.75 on Tuesday. The firm’s 50 day moving average is $146.31 and its 200 day moving average is $159.61. The firm has a market capitalization of $253.36 billion, a PE ratio of 230.51, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping 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 firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’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 sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company 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.