Elkfork Partners LLC Sells 1,672 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Elkfork Partners LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,578 shares of the semiconductor manufacturer’s stock after selling 1,672 shares during the quarter. Elkfork Partners LLC’s holdings in Advanced Micro Devices were worth $868,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Peddock Capital Advisors LLC lifted its position in shares of Advanced Micro Devices by 151.5% during the 1st quarter. Peddock Capital Advisors LLC now owns 1,021 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 615 shares during the period. Advisory Alpha LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at approximately $26,000. Berman Capital Advisors LLC lifted its position in shares of Advanced Micro Devices by 99.4% during the 1st quarter. Berman Capital Advisors LLC now owns 1,077 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 537 shares during the period. First PREMIER Bank acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at approximately $30,000. Finally, Ropes Wealth Advisors LLC lifted its position in shares of Advanced Micro Devices by 182.9% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,160 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 750 shares during the period. 62.44% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Mark D. Papermaster sold 30,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $33.34, for a total transaction of $1,000,200.00. Following the transaction, the insider now owns 1,329,588 shares in the company, valued at approximately $44,328,463.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 8,388 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $33.53, for a total transaction of $281,249.64. Following the completion of the transaction, the chief accounting officer now owns 35,918 shares in the company, valued at $1,204,330.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,716,908 shares of company stock valued at $55,473,703. 1.50% of the stock is owned by insiders.

Shares of Advanced Micro Devices stock opened at $28.72 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08. Advanced Micro Devices, Inc. has a 1 year low of $16.03 and a 1 year high of $35.55. The firm’s 50-day simple moving average is $30.93 and its 200-day simple moving average is $29.41. The firm has a market cap of $32.07 billion, a PE ratio of 134.27, a price-to-earnings-growth ratio of 2.58 and a beta of 3.07.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the firm earned $0.14 EPS. Advanced Micro Devices’s quarterly revenue was down 12.8% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 0.48 earnings per share for the current year.

AMD has been the subject of a number of research reports. Wells Fargo & Co reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Deutsche Bank restated a “hold” rating and set a $29.00 price objective (up from $25.00) on shares of Advanced Micro Devices in a research report on Tuesday, July 30th. Bank of America lifted their price objective on Advanced Micro Devices from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup set a $8.00 price objective on Advanced Micro Devices and gave the stock a “sell” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Advanced Micro Devices from $25.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.04.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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