Raymond James Financial Services Advisors Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,103 shares of the semiconductor manufacturer’s stock after selling 80,167 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Advanced Micro Devices were worth $1,861,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Coldstream Capital Management Inc. boosted its holdings in Advanced Micro Devices by 0.3% in the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock valued at $259,000 after purchasing an additional 60 shares in the last quarter. Moors & Cabot Inc. acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $265,000. Cubist Systematic Strategies LLC acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $685,000. BlueCrest Capital Management Ltd acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $8,474,000. Finally, ETF Managers Group LLC acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $392,000. 59.11% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday. BNP Paribas raised Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a report on Thursday, October 12th. Barclays PLC increased their price objective on Advanced Micro Devices from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, October 4th. Bank of America Corporation reissued a “buy” rating on shares of Advanced Micro Devices in a report on Sunday, October 1st. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $18.00 price objective on shares of Advanced Micro Devices in a report on Monday, September 25th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Advanced Micro Devices currently has a consensus rating of “Hold” and a consensus price target of $13.93.

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $15.42, for a total value of $963,750.00. Following the sale, the senior vice president now owns 600,301 shares of the company’s stock, valued at approximately $9,256,641.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 82,709 shares of the business’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $13.62, for a total value of $1,126,496.58. The disclosure for this sale can be found here. Insiders have sold a total of 42,157,502 shares of company stock valued at $21,024,000,027,762,700 in the last quarter. 1.60% of the stock is currently owned by insiders.

Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at 13.95 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $6.22 and a 52-week high of $15.65. The stock’s market cap is $13.21 billion. The firm has a 50-day moving average price of $13.16 and a 200 day moving average price of $12.74.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted ($0.05) EPS. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

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Advanced Micro Devices Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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