Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,784,034 shares of the semiconductor manufacturer’s stock after selling 443,323 shares during the quarter. Advanced Micro Devices makes up 0.6% of Sumitomo Mitsui Trust Holdings Inc.’s investment portfolio, making the stock its 23rd largest position. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Advanced Micro Devices were worth $863,470,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMD. Chase Investment Counsel Corp lifted its holdings in Advanced Micro Devices by 0.7% in the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $231,000. Pathway Financial Advisors LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $229,000. Independence Bank of Kentucky raised its holdings in Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after acquiring an additional 1,677 shares during the last quarter. Finally, Fortis Capital Advisors LLC lifted its stake in Advanced Micro Devices by 137.8% in the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after purchasing an additional 7,235 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.5 %

Advanced Micro Devices stock traded down $0.81 during mid-day trading on Wednesday, reaching $163.50. 6,772,938 shares of the company’s stock were exchanged, compared to its average volume of 64,519,008. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a market cap of $264.27 billion, a P/E ratio of 241.64, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a fifty day moving average of $159.30 and a 200-day moving average of $165.38.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.43 earnings per share. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMD shares. Mizuho dropped their price target on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Evercore ISI dropped their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Morgan Stanley lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock. in a report on Monday, June 10th. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Finally, Susquehanna raised their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.83.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.65% of the company’s stock.

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.