Guggenheim Capital LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.7% in the 1st quarter, Holdings Channel reports. The firm owned 311,342 shares of the semiconductor manufacturer’s stock after selling 125,194 shares during the quarter. Guggenheim Capital LLC’s holdings in Advanced Micro Devices were worth $14,161,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Optimum Investment Advisors increased its stake in shares of Advanced Micro Devices by 1,250.0% in the 1st quarter. Optimum Investment Advisors now owns 540 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 500 shares in the last quarter. Harwood Advisory Group LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at $26,000. Prestige Wealth Management Group LLC increased its stake in shares of Advanced Micro Devices by 202.5% in the 1st quarter. Prestige Wealth Management Group LLC now owns 605 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 405 shares in the last quarter. CX Institutional increased its stake in shares of Advanced Micro Devices by 102.6% in the 1st quarter. CX Institutional now owns 616 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 312 shares in the last quarter. Finally, BDO Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 348.7% in the 1st quarter. BDO Wealth Advisors LLC now owns 673 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 69.79% of the company’s stock.

In other news, EVP Mark D. Papermaster sold 43,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $52.90, for a total transaction of $2,274,700.00. Following the sale, the executive vice president now directly owns 1,378,280 shares in the company, valued at $72,911,012. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 150,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $55.43, for a total value of $8,314,500.00. Following the sale, the chief executive officer now owns 2,753,670 shares in the company, valued at $152,635,928.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 461,000 shares of company stock worth $25,495,320. Insiders own 1.50% of the company’s stock.

AMD has been the subject of a number of recent research reports. Deutsche Bank boosted their price target on shares of Advanced Micro Devices from $42.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $42.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 16th. Atlantic Securities upgraded shares of Advanced Micro Devices from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $60.00 in a research note on Friday, March 6th. UBS Group boosted their price target on shares of Advanced Micro Devices from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler boosted their price target on shares of Advanced Micro Devices from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and nineteen have given a buy rating to the stock. Advanced Micro Devices presently has a consensus rating of “Hold” and a consensus price target of $52.47.

Shares of NASDAQ:AMD traded down $0.52 during midday trading on Friday, reaching $51.42. The company had a trading volume of 17,049,361 shares, compared to its average volume of 54,223,540. The company’s 50 day moving average price is $53.94 and its 200 day moving average price is $49.58. The company has a current ratio of 2.21, a quick ratio of 1.68 and a debt-to-equity ratio of 0.16. The stock has a market cap of $60.82 billion, a P/E ratio of 120.15, a P/E/G ratio of 1.57 and a beta of 2.13. Advanced Micro Devices, Inc. has a 52-week low of $27.43 and a 52-week high of $59.27.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 28th. The semiconductor manufacturer reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.79 billion. Advanced Micro Devices had a net margin of 6.72% and a return on equity of 28.28%. The company’s revenue was up 40.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. Research analysts forecast that Advanced Micro Devices, Inc. will post 0.83 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

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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