Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,750 shares of the semiconductor manufacturer’s stock after selling 100 shares during the period. Gabelli Funds LLC’s holdings in Advanced Micro Devices were worth $6,772,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Precision Wealth Strategies LLC lifted its stake in Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock valued at $598,000 after buying an additional 155 shares during the last quarter. Concentrum Wealth Management lifted its position in Advanced Micro Devices by 6.6% in the 4th quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock valued at $5,625,000 after purchasing an additional 2,354 shares during the last quarter. 9258 Wealth Management LLC boosted its stake in Advanced Micro Devices by 70.4% during the 4th quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock valued at $1,787,000 after purchasing an additional 5,009 shares during the period. Cape Investment Advisory Inc. grew its position in Advanced Micro Devices by 3,000.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 248 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 240 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Advanced Micro Devices by 12.3% in the fourth quarter. Parallel Advisors LLC now owns 19,221 shares of the semiconductor manufacturer’s stock valued at $2,833,000 after purchasing an additional 2,103 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 1.0 %

NASDAQ AMD opened at $158.32 on Wednesday. The company has a market capitalization of $255.89 billion, a PE ratio of 232.82, 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. The firm’s fifty day simple moving average is $145.92 and its 200-day simple moving average is $159.27.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the company earned $0.40 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMD has been the subject of several analyst reports. Morgan Stanley boosted their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating 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. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

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.