Gateway Advisory LLC Has $406,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Gateway Advisory LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,503 shares of the semiconductor manufacturer’s stock after selling 135 shares during the quarter. Gateway Advisory LLC’s holdings in Advanced Micro Devices were worth $406,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Samlyn Capital LLC increased its holdings in shares of Advanced Micro Devices by 30.2% during the second quarter. Samlyn Capital LLC now owns 911,763 shares of the semiconductor manufacturer’s stock worth $147,897,000 after buying an additional 211,348 shares in the last quarter. Xponance Inc. increased its holdings in Advanced Micro Devices by 4.5% during the 2nd quarter. Xponance Inc. now owns 334,113 shares of the semiconductor manufacturer’s stock valued at $54,196,000 after purchasing an additional 14,278 shares in the last quarter. Lombard Odier Asset Management Europe Ltd raised its position in Advanced Micro Devices by 84.1% in the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 56,167 shares of the semiconductor manufacturer’s stock valued at $9,111,000 after purchasing an additional 25,653 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in Advanced Micro Devices by 6.2% in the second quarter. Evergreen Capital Management LLC now owns 10,695 shares of the semiconductor manufacturer’s stock worth $1,735,000 after purchasing an additional 622 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Advanced Micro Devices by 73.7% during the second quarter. Public Sector Pension Investment Board now owns 62,107 shares of the semiconductor manufacturer’s stock worth $10,074,000 after purchasing an additional 26,346 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Cantor Fitzgerald decreased 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. Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Edward Jones assumed coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating on the stock. Finally, Citigroup lifted their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 15th. 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 given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $156.75 on Tuesday. The firm’s 50 day moving average price is $146.31 and its two-hundred day moving average price is $159.61. 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, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The firm has a market cap of $253.36 billion, a P/E ratio of 230.51, a PEG ratio of 2.04 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the business earned $0.40 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts forecast 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 that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by insiders.

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.