Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 96.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,424 shares of the semiconductor manufacturer’s stock after selling 97,555 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Advanced Micro Devices were worth $555,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Fidelis Capital Partners LLC lifted its stake in Advanced Micro Devices by 287.0% during the 2nd quarter. Fidelis Capital Partners LLC now owns 24,300 shares of the semiconductor manufacturer’s stock valued at $3,942,000 after acquiring an additional 18,021 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Advanced Micro Devices by 21.1% in the second quarter. 1832 Asset Management L.P. now owns 166,063 shares of the semiconductor manufacturer’s stock worth $26,937,000 after acquiring an additional 28,961 shares during the period. Frank Rimerman Advisors LLC raised its holdings in shares of Advanced Micro Devices by 2,179.7% during the second quarter. Frank Rimerman Advisors LLC now owns 36,589 shares of the semiconductor manufacturer’s stock worth $5,935,000 after purchasing an additional 34,984 shares during the last quarter. Holderness Investments Co. lifted its position in Advanced Micro Devices by 10.2% during the second quarter. Holderness Investments Co. now owns 6,628 shares of the semiconductor manufacturer’s stock valued at $1,075,000 after purchasing an additional 613 shares during the period. Finally, Profund Advisors LLC boosted its holdings in Advanced Micro Devices by 6.2% in the second quarter. Profund Advisors LLC now owns 264,109 shares of the semiconductor manufacturer’s stock valued at $42,841,000 after purchasing an additional 15,490 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 0.5 %

AMD opened at $155.95 on Monday. The firm has a market capitalization of $252.06 billion, a price-to-earnings ratio of 229.34, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. The company’s 50 day simple moving average is $146.77 and its two-hundred day simple moving average is $160.00. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion for 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 firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on AMD. Truist Financial reduced their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Bank of America reduced their price target on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. KeyCorp lowered their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Susquehanna reaffirmed a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report 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 stock an “equal weight” rating in a report on Wednesday, July 31st. One 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.45.

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.