Advanced Micro Devices, Inc. (NASDAQ:AMD) is Gunderson Capital Management Inc.’s 8th Largest Position

Gunderson Capital Management Inc. lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,433 shares of the semiconductor manufacturer’s stock after selling 3,081 shares during the period. Advanced Micro Devices makes up approximately 4.5% of Gunderson Capital Management Inc.’s holdings, making the stock its 8th largest holding. Gunderson Capital Management Inc.’s holdings in Advanced Micro Devices were worth $6,884,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMD. Norges Bank bought a new position in Advanced Micro Devices in the 4th quarter valued at $1,252,070,000. Jennison Associates LLC bought a new stake in Advanced Micro Devices during the 1st quarter valued at about $1,594,894,000. Wellington Management Group LLP grew its stake in Advanced Micro Devices by 123.6% in the 1st quarter. Wellington Management Group LLP now owns 20,254,885 shares of the semiconductor manufacturer’s stock worth $1,985,181,000 after acquiring an additional 11,195,952 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of Advanced Micro Devices by 7,396,755.9% during the first quarter. Baillie Gifford & Co. now owns 8,728,290 shares of the semiconductor manufacturer’s stock worth $855,460,000 after acquiring an additional 8,728,172 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Advanced Micro Devices by 105,415.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock valued at $552,275,000 after acquiring an additional 8,518,629 shares in the last quarter. 68.43% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 4.8 %

Shares of NASDAQ:AMD traded down $5.14 during mid-day trading on Friday, reaching $101.49. 71,103,616 shares of the company were exchanged, compared to its average volume of 63,968,188. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $132.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.18 and a quick ratio of 1.58. The firm’s 50-day simple moving average is $110.20 and its 200 day simple moving average is $104.13. The firm has a market cap of $163.97 billion, a price-to-earnings ratio of -5,071.96, a P/E/G ratio of 5.98 and a beta of 1.80.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The business’s quarterly revenue was down 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.01 EPS for the current year.

Analyst Ratings Changes

AMD has been the topic of several recent research reports. Citigroup upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and increased their target price for the stock from $120.00 to $136.00 in a report on Wednesday, August 2nd. JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices from $92.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Advanced Micro Devices from $80.00 to $110.00 in a research note on Wednesday, June 14th. StockNews.com initiated coverage on shares of Advanced Micro Devices in a report on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, HSBC increased their target price on shares of Advanced Micro Devices from $77.00 to $120.00 in a research report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $135.19.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total value of $7,905,000.00. Following the sale, the chief executive officer now owns 3,358,721 shares of the company’s stock, valued at $354,009,193.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $105.40, for a total value of $7,905,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,358,721 shares of the company’s stock, valued at approximately $354,009,193.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the transaction, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The disclosure for this sale can be found here. Insiders have sold a total of 196,643 shares of company stock valued at $21,395,584 over the last quarter. Company 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 in four segments: 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.