Ameritas Investment Partners Inc. Lowers Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ameritas Investment Partners Inc. decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 89,474 shares of the semiconductor manufacturer’s stock after selling 479 shares during the period. Advanced Micro Devices comprises about 0.9% of Ameritas Investment Partners Inc.’s holdings, making the stock its 21st largest holding. Ameritas Investment Partners Inc.’s holdings in Advanced Micro Devices were worth $14,514,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMD. Thrivent Financial for Lutherans lifted its position in Advanced Micro Devices by 12.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,463,056 shares of the semiconductor manufacturer’s stock valued at $237,322,000 after acquiring an additional 166,933 shares during the period. Pacer Advisors Inc. increased its stake in shares of Advanced Micro Devices by 4.3% during the second quarter. Pacer Advisors Inc. now owns 233,490 shares of the semiconductor manufacturer’s stock valued at $37,874,000 after purchasing an additional 9,528 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Advanced Micro Devices by 1.3% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 1,676,180 shares of the semiconductor manufacturer’s stock valued at $271,893,000 after purchasing an additional 21,908 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 30.7% in the 2nd quarter. AE Wealth Management LLC now owns 198,157 shares of the semiconductor manufacturer’s stock worth $32,143,000 after purchasing an additional 46,595 shares in the last quarter. Finally, King Luther Capital Management Corp grew its stake in shares of Advanced Micro Devices by 1.9% in the 2nd quarter. King Luther Capital Management Corp now owns 51,075 shares of the semiconductor manufacturer’s stock worth $8,285,000 after buying an additional 969 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD opened at $155.95 on Friday. The company has a 50 day simple moving average of $146.77 and a two-hundred day simple moving average of $160.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The firm has a market cap of $252.06 billion, a P/E ratio of 229.34, a PEG ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the business posted $0.40 EPS. Advanced Micro Devices’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on AMD. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Cantor Fitzgerald dropped their price target on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Morgan Stanley increased their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is owned by corporate 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.