Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 29.0% during the second quarter, HoldingsChannel.com reports. The firm owned 2,867 shares of the semiconductor manufacturer’s stock after selling 1,171 shares during the period. Fulton Bank N.A.’s holdings in Advanced Micro Devices were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AMD. Vanguard Group Inc. raised its position in shares of Advanced Micro Devices by 36.9% in the 1st quarter. Vanguard Group Inc. now owns 133,525,143 shares of the semiconductor manufacturer’s stock valued at $14,599,640,000 after purchasing an additional 36,016,818 shares in the last quarter. BlackRock Inc. raised its position in shares of Advanced Micro Devices by 34.6% during the 1st quarter. BlackRock Inc. now owns 119,569,366 shares of the semiconductor manufacturer’s stock valued at $13,073,716,000 after acquiring an additional 30,732,205 shares in the last quarter. State Street Corp raised its position in shares of Advanced Micro Devices by 37.5% during the 1st quarter. State Street Corp now owns 65,577,025 shares of the semiconductor manufacturer’s stock valued at $7,170,192,000 after acquiring an additional 17,896,122 shares in the last quarter. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $1,423,132,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at approximately $777,111,000. 65.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Rick Bergman sold 3,000 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $92.39, for a total transaction of $277,170.00. Following the transaction, the executive vice president now owns 161,232 shares of the company’s stock, valued at approximately $14,896,224.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $100.02, for a total value of $12,502,500.00. Following the sale, the chief executive officer now owns 2,926,985 shares of the company’s stock, valued at approximately $292,757,039.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rick Bergman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $92.39, for a total value of $277,170.00. Following the completion of the sale, the executive vice president now directly owns 161,232 shares in the company, valued at approximately $14,896,224.48. The disclosure for this sale can be found here. Insiders sold 161,518 shares of company stock valued at $15,378,613 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Robert W. Baird reissued a “neutral” rating and set a $100.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, June 14th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Wells Fargo & Company dropped their target price on Advanced Micro Devices from $140.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $112.00 target price (up from $99.00) on shares of Advanced Micro Devices in a research report on Thursday, August 4th. Finally, Northland Securities increased their target price on Advanced Micro Devices from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $125.30.

Advanced Micro Devices Trading Down 0.2 %

NASDAQ:AMD opened at $76.51 on Monday. The company has a quick ratio of 1.96, a current ratio of 2.44 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 1-year low of $71.60 and a 1-year high of $164.46. The firm has a market capitalization of $123.51 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 0.71 and a beta of 1.97. The stock has a fifty day simple moving average of $89.07 and a 200 day simple moving average of $94.15.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.52 billion. Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. During the same period in the prior year, the company posted $0.58 earnings per share. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current year.

About Advanced Micro Devices

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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