Ensign Peak Advisors Inc Cuts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ensign Peak Advisors Inc lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,518,760 shares of the semiconductor manufacturer’s stock after selling 229,720 shares during the quarter. Ensign Peak Advisors Inc owned 0.09% of Advanced Micro Devices worth $246,358,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Precision Wealth Strategies LLC raised its stake in shares of Advanced Micro Devices by 4.0% during the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock worth $598,000 after acquiring an additional 155 shares in the last quarter. Concentrum Wealth Management lifted its stake in Advanced Micro Devices by 6.6% in the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after purchasing an additional 2,354 shares during the last quarter. 9258 Wealth Management LLC boosted its position in Advanced Micro Devices by 70.4% during the fourth quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock valued at $1,787,000 after buying an additional 5,009 shares during the period. D.A. Davidson & CO. grew its stake in shares of Advanced Micro Devices by 24.6% during the fourth quarter. D.A. Davidson & CO. now owns 25,919 shares of the semiconductor manufacturer’s stock valued at $3,821,000 after buying an additional 5,121 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Advanced Micro Devices by 11.5% in the fourth quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer’s stock worth $121,000 after buying an additional 85 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $155.95 on Friday. The company has a 50 day moving average of $146.77 and a 200 day moving average of $160.66. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. 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 $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 (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate 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 company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the firm posted $0.40 earnings per share. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on AMD. KeyCorp decreased their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Edward Jones initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. Finally, Bank of America reduced their price target on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction 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 transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is available through this link. Company insiders own 0.73% of the company’s stock.

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.