Strs Ohio lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.3% in the third quarter, Holdings Channel reports. The institutional investor owned 734,547 shares of the semiconductor manufacturer’s stock after selling 2,320 shares during the period. Strs Ohio’s holdings in Advanced Micro Devices were worth $21,294,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First PREMIER Bank purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $30,000. Doyle Wealth Management purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $31,000. Ropes Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 182.9% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,160 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 750 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Advanced Micro Devices by 55.7% during the 2nd quarter. Assetmark Inc. now owns 1,381 shares of the semiconductor manufacturer’s stock valued at $42,000 after purchasing an additional 494 shares during the last quarter. Finally, Berman Capital Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 41.6% during the 2nd quarter. Berman Capital Advisors LLC now owns 1,525 shares of the semiconductor manufacturer’s stock valued at $46,000 after purchasing an additional 448 shares during the last quarter. Institutional investors own 62.49% of the company’s stock.

Several brokerages have recently commented on AMD. ValuEngine lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Cowen set a $40.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a report on Wednesday, July 31st. BidaskClub upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Morgan Stanley increased their price objective on Advanced Micro Devices from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.70.

NASDAQ AMD opened at $31.36 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52. The stock’s fifty day moving average price is $30.03 and its 200 day moving average price is $30.00. Advanced Micro Devices, Inc. has a 1 year low of $16.03 and a 1 year high of $35.55. The company has a market cap of $34.21 billion, a price-to-earnings ratio of 89.60, a PEG ratio of 2.75 and a beta of 2.99.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the firm earned $0.14 EPS. The firm’s revenue was down 12.8% on a year-over-year basis. Research analysts expect that Advanced Micro Devices, Inc. will post 0.48 earnings per share for the current year.

In other Advanced Micro Devices news, Director Nora Denzel sold 31,737 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $34.29, for a total transaction of $1,088,261.73. Following the sale, the director now directly owns 152,899 shares of the company’s stock, valued at approximately $5,242,906.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Darla M. Smith sold 8,388 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $33.53, for a total value of $281,249.64. Following the sale, the chief accounting officer now directly owns 35,918 shares in the company, valued at $1,204,330.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,717,405 shares of company stock worth $55,408,542. 1.50% of the stock is owned by insiders.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; 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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