Nationwide Fund Advisors lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 582,335 shares of the semiconductor manufacturer’s stock after selling 97,612 shares during the quarter. Nationwide Fund Advisors owned about 0.06% of Advanced Micro Devices worth $7,268,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMD. Meeder Asset Management Inc. acquired a new stake in Advanced Micro Devices during the first quarter worth approximately $100,000. K.J. Harrison & Partners Inc bought a new stake in Advanced Micro Devices during the second quarter worth $125,000. Regal Investment Advisors LLC bought a new stake in Advanced Micro Devices during the second quarter worth $137,000. Global X Management Co. LLC bought a new stake in Advanced Micro Devices during the second quarter worth $143,000. Finally, Bluestein R H & Co. bought a new stake in Advanced Micro Devices during the first quarter worth $146,000. 59.11% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. Bank of America Corporation restated a “buy” rating and set a $18.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 16th. Barclays PLC restated an “underweight” rating and set a $9.00 target price on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Pacific Crest restated an “equal weight” rating on shares of Advanced Micro Devices in a research note on Tuesday, June 20th. Canaccord Genuity restated a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, August 15th. Finally, Wells Fargo & Company restated an “outperform” rating on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $13.89.

In related news, CAO Darla M. Smith sold 11,810 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $12.17, for a total transaction of $143,727.70. Following the transaction, the chief accounting officer now owns 31,291 shares in the company, valued at $380,811.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total transaction of $963,750.00. Following the transaction, the senior vice president now owns 600,301 shares in the company, valued at approximately $9,256,641.42. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,074,793 shares of company stock valued at $21,024,000,026,636,200. Insiders own 1.60% of the company’s stock.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 12.75 on Friday. The firm’s market capitalization is $12.07 billion. Advanced Micro Devices, Inc. has a one year low of $6.22 and a one year high of $15.65. The firm’s 50-day moving average price is $12.68 and its 200-day moving average price is $12.78.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

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About Advanced Micro Devices

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.

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

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