Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 339,802 shares of the semiconductor manufacturer’s stock after selling 1,183 shares during the quarter. Advanced Micro Devices comprises 0.5% of Amalgamated Bank’s portfolio, making the stock its 25th biggest holding. Amalgamated Bank’s holdings in Advanced Micro Devices were worth $55,119,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fortis Capital Advisors LLC grew its holdings in shares of Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after buying an additional 7,235 shares in the last quarter. Chapin Davis Inc. boosted its position in Advanced Micro Devices by 613.4% during the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after acquiring an additional 10,544 shares during the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in Advanced Micro Devices by 77.4% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer’s stock worth $7,237,000 after acquiring an additional 21,417 shares during the period. GW&K Investment Management LLC raised its holdings in Advanced Micro Devices by 11.5% in the 4th quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer’s stock valued at $121,000 after acquiring an additional 85 shares during the last quarter. Finally, Bank of New Hampshire lifted its stake in shares of Advanced Micro Devices by 811.3% during the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer’s stock worth $1,456,000 after purchasing an additional 7,180 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In related 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 value 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 can be accessed through this link. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $150.82 on Wednesday. The firm has a market cap of $243.77 billion, a price-to-earnings ratio of 221.79, a PEG ratio of 2.04 and a beta of 1.69. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $148.50 and its two-hundred day moving average is $161.13. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted 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. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. Analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Monday. KeyCorp lowered their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock. Citigroup boosted their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Barclays cut their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.