Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Vigilare Wealth Management

Vigilare Wealth Management lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,185 shares of the semiconductor manufacturer’s stock after selling 441 shares during the period. Vigilare Wealth Management’s holdings in Advanced Micro Devices were worth $249,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Eagle Bay Advisors LLC raised its position in Advanced Micro Devices by 50.6% during the 1st quarter. Eagle Bay Advisors LLC now owns 679 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 228 shares during the last quarter. Tucker Asset Management LLC purchased a new position in Advanced Micro Devices during the 1st quarter worth $31,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $37,000. Samalin Investment Counsel LLC increased its holdings in shares of Advanced Micro Devices by 112.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 180 shares in the last quarter. Finally, NewSquare Capital LLC increased its holdings in shares of Advanced Micro Devices by 170.8% in the 1st quarter. NewSquare Capital LLC now owns 417 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 263 shares in the last quarter. Institutional investors and hedge funds own 68.43% of the company’s stock.

Advanced Micro Devices Trading Down 4.8 %

AMD stock traded down $5.14 during midday trading on Friday, reaching $101.49. 71,103,616 shares of the company’s stock traded hands, compared to its average volume of 63,968,188. The company has a market capitalization of $163.97 billion, a P/E ratio of -5,071.96, a PEG ratio of 5.98 and a beta of 1.80. The business has a 50-day moving average price of $109.97 and a two-hundred day moving average price of $104.47. Advanced Micro Devices, Inc. has a fifty-two week low of $54.57 and a fifty-two week 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.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMD. Jefferies Financial Group increased their price target on shares of Advanced Micro Devices from $100.00 to $145.00 in a report on Wednesday, June 14th. Morgan Stanley restated an “overweight” rating and set a $138.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 2nd. Barclays raised their target price on shares of Advanced Micro Devices from $90.00 to $145.00 in a report on Wednesday, June 14th. Craig Hallum raised their target price on shares of Advanced Micro Devices from $100.00 to $158.00 in a report on Wednesday, June 14th. Finally, Wolfe Research assumed coverage on shares of Advanced Micro Devices in a report on Wednesday, July 19th. They set an “outperform” rating and a $150.00 target price for the company. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.19.

Insider Activity

In other news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total transaction of $8,369,250.00. Following the sale, the chief executive officer now owns 3,192,774 shares in the company, valued at $356,281,650.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total value of $8,369,250.00. Following the completion of the sale, the chief executive officer now owns 3,192,774 shares in the company, valued at $356,281,650.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $1,586,989.82. Following the completion of the sale, the executive vice president now 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 196,643 shares of company stock worth $21,395,584 over the last 90 days. Company insiders own 0.73% of the company’s stock.

About Advanced Micro Devices

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.