Quarry LP Sells 99,301 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Quarry LP reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 99.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,009 shares of the semiconductor manufacturer’s stock after selling 99,301 shares during the quarter. Quarry LP’s holdings in Advanced Micro Devices were worth $164,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMD. Concentrum Wealth Management grew its stake in shares of Advanced Micro Devices by 6.6% during the 4th quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after acquiring an additional 2,354 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $328,000. Jones Financial Companies Lllp grew its stake in shares of Advanced Micro Devices by 127.8% during the 4th quarter. Jones Financial Companies Lllp now owns 524 shares of the semiconductor manufacturer’s stock worth $77,000 after acquiring an additional 294 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of Advanced Micro Devices by 151.6% in the fourth quarter. CWA Asset Management Group LLC now owns 14,248 shares of the semiconductor manufacturer’s stock valued at $2,100,000 after buying an additional 8,585 shares in the last quarter. Finally, Wellspring Financial Advisors LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at $200,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMD shares. Cantor Fitzgerald decreased their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note 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 for the company in a research note on Tuesday, July 9th. Bank of America decreased their target price on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Robert W. Baird decreased their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $193.45.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total value 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 $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 0.2 %

AMD opened at $164.08 on Tuesday. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two 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. The company has a market capitalization of $265.20 billion, a P/E ratio of 241.29, a P/E/G ratio of 2.14 and a beta of 1.69. The stock has a fifty day moving average of $146.63 and a 200-day moving average of $158.39.

Advanced Micro Devices (NASDAQ:AMD) last posted 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. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

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.