Totem Point Management LLC Sells 5,805 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Totem Point Management LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,913 shares of the semiconductor manufacturer’s stock after selling 5,805 shares during the period. Advanced Micro Devices comprises approximately 6.2% of Totem Point Management LLC’s holdings, making the stock its 8th largest holding. Totem Point Management LLC’s holdings in Advanced Micro Devices were worth $7,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Private Trust Co. NA grew its stake in Advanced Micro Devices by 24.7% during the 1st quarter. Private Trust Co. NA now owns 6,668 shares of the semiconductor manufacturer’s stock worth $729,000 after buying an additional 1,320 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in Advanced Micro Devices by 50.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 12,942 shares of the semiconductor manufacturer’s stock worth $1,415,000 after buying an additional 4,322 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Advanced Micro Devices by 591.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 11,001 shares of the semiconductor manufacturer’s stock worth $1,203,000 after buying an additional 9,411 shares during the last quarter. CAPROCK Group Inc. grew its stake in Advanced Micro Devices by 66.5% during the 1st quarter. CAPROCK Group Inc. now owns 14,864 shares of the semiconductor manufacturer’s stock worth $1,625,000 after buying an additional 5,935 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Advanced Micro Devices during the 1st quarter worth $204,000. 65.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AMD shares. UBS Group upped their price objective on Advanced Micro Devices from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Cowen decreased their price target on Advanced Micro Devices from $160.00 to $120.00 and set an “outperform” rating for the company in a research note on Tuesday, July 12th. Benchmark increased their price target on Advanced Micro Devices from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. BMO Capital Markets raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $100.00 to $115.00 in a research note on Thursday, July 14th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $112.00 price target (up previously from $99.00) on shares of Advanced Micro Devices in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $125.80.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $85.45 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.44 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a fifty-two week low of $71.60 and a fifty-two week high of $164.46. The stock’s 50-day moving average is $88.88 and its two-hundred day moving average is $95.65. The firm has a market cap of $137.94 billion, a P/E ratio of 35.90, a PEG ratio of 0.73 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last issued its earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.03). Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same period in the previous year, the company earned $0.58 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total value of $2,517,111.06. Following the transaction, the executive vice president now directly owns 37,800 shares of the company’s stock, valued at approximately $2,910,222. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $100.02, for a total transaction of $12,502,500.00. Following the transaction, the chief executive officer now owns 2,926,985 shares of the company’s stock, valued at approximately $292,757,039.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 32,694 shares of the stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total value of $2,517,111.06. Following the transaction, the executive vice president now directly owns 37,800 shares in the company, valued at approximately $2,910,222. The disclosure for this sale can be found here. Insiders have sold a total of 161,518 shares of company stock valued at $15,378,613 in the last three months. Insiders own 1.00% of the company’s stock.

About Advanced Micro Devices

(Get Rating)

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, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

Recommended Stories

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating).

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.