Sei Investments Co. Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sei Investments Co. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,680,267 shares of the semiconductor manufacturer’s stock after selling 130,870 shares during the quarter. Advanced Micro Devices makes up 0.5% of Sei Investments Co.’s investment portfolio, making the stock its 29th largest holding. Sei Investments Co. owned 0.17% of Advanced Micro Devices worth $305,310,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Choreo LLC boosted its stake in Advanced Micro Devices by 1.4% in the 2nd quarter. Choreo LLC now owns 6,246 shares of the semiconductor manufacturer’s stock worth $711,000 after purchasing an additional 86 shares during the period. Warren Street Wealth Advisors LLC boosted its stake in Advanced Micro Devices by 4.0% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 2,264 shares of the semiconductor manufacturer’s stock worth $258,000 after purchasing an additional 88 shares during the period. Trust Co. of Vermont boosted its stake in Advanced Micro Devices by 4.0% in the 2nd quarter. Trust Co. of Vermont now owns 2,451 shares of the semiconductor manufacturer’s stock worth $279,000 after purchasing an additional 94 shares during the period. Cardinal Strategic Wealth Guidance boosted its stake in Advanced Micro Devices by 4.5% in the 2nd quarter. Cardinal Strategic Wealth Guidance now owns 2,302 shares of the semiconductor manufacturer’s stock worth $262,000 after purchasing an additional 100 shares during the period. Finally, Key Financial Inc boosted its stake in Advanced Micro Devices by 5.4% in the 2nd quarter. Key Financial Inc now owns 1,941 shares of the semiconductor manufacturer’s stock worth $221,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,358,721 shares in the company, valued at $354,009,193.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the completion of the sale, the chief executive officer now owns 3,358,721 shares in the company, valued at $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 the stock in a transaction dated 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 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. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. UBS Group dropped their target price on Advanced Micro Devices from $145.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. KeyCorp dropped their target price on Advanced Micro Devices from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Citigroup upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $136.00 in a research report on Wednesday, August 2nd. Wedbush dropped their target price on Advanced Micro Devices from $155.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday, November 1st. Finally, Roth Mkm assumed coverage on Advanced Micro Devices in a research report on Tuesday, November 14th. They issued a “buy” rating and a $125.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.77.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $2.73 during midday trading on Tuesday, reaching $118.80. 24,451,904 shares of the company’s stock traded hands, compared to its average volume of 61,977,016. The company has a market cap of $190.08 billion, a price-to-earnings ratio of 1,012.75, a P/E/G ratio of 6.27 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.61 and a current ratio of 2.19. Advanced Micro Devices, Inc. has a one year low of $60.05 and a one year high of $132.83. The stock has a 50 day moving average of $105.73 and a 200 day moving average of $109.56.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $5.80 billion for the quarter, compared to the consensus estimate of $5.70 billion. Advanced Micro Devices had a return on equity of 5.61% and a net margin of 0.94%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 1.92 EPS for the current fiscal year.

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.