STF Management LP Lowers Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

STF Management LP cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,638 shares of the semiconductor manufacturer’s stock after selling 1,169 shares during the period. Advanced Micro Devices comprises approximately 1.8% of STF Management LP’s portfolio, making the stock its 12th largest position. STF Management LP’s holdings in Advanced Micro Devices were worth $4,159,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AMD. Tradewinds Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. boosted its position in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares during the period. Valued Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 70.7% during the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 70 shares during the last quarter. Morton Brown Family Wealth LLC increased its holdings in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 85 shares during the period. Finally, Chelsea Counsel Co. purchased a new position in shares of Advanced Micro Devices in the first quarter worth about $34,000. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. TD Cowen restated a “buy” rating and set a $210.00 price target on shares of Advanced Micro Devices in a research report on Monday, August 19th. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. KeyCorp decreased their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Bank of America dropped their price target on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Stock Up 1.0 %

Shares of Advanced Micro Devices stock opened at $152.31 on Monday. The company has a 50-day simple moving average of $149.56 and a two-hundred day simple moving average of $161.78. The stock has a market capitalization of $246.51 billion, a PE ratio of 223.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Company 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.