Pittenger & Anderson Inc. Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pittenger & Anderson Inc. reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 54.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,075 shares of the semiconductor manufacturer’s stock after selling 2,529 shares during the period. Pittenger & Anderson Inc.’s holdings in Advanced Micro Devices were worth $159,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $25,000. AlphaCentric Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $32,000. Delos Wealth Advisors LLC grew its position in shares of Advanced Micro Devices by 95.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 115 shares during the last quarter. Sycomore Asset Management purchased a new position in shares of Advanced Micro Devices in the 1st quarter valued at $32,000. Finally, Cordasco Financial Network grew its position in shares of Advanced Micro Devices by 287.5% in the 1st quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 207 shares during the last quarter. 65.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Rick Bergman sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $92.39, for a total value of $277,170.00. Following the sale, the executive vice president now directly owns 161,232 shares of the company’s stock, valued at $14,896,224.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Advanced Micro Devices news, EVP Rick Bergman sold 3,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $92.39, for a total transaction of $277,170.00. Following the transaction, the executive vice president now directly owns 161,232 shares of the company’s stock, valued at $14,896,224.48. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Forrest Eugene Norrod sold 824 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $99.31, for a total transaction of $81,831.44. Following the transaction, the senior vice president now directly owns 276,816 shares in the company, valued at $27,490,596.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 161,518 shares of company stock valued at $15,378,613. Insiders own 1.00% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $69.50 on Friday. The company has a market cap of $112.20 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 0.69 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $69.17 and a 12 month high of $164.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.44 and a quick ratio of 1.96. The company has a 50-day simple moving average of $88.80 and a 200-day simple moving average of $93.31.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same quarter last year, the firm earned $0.58 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMD shares. Benchmark increased their target price on shares of Advanced Micro Devices from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, June 10th. UBS Group increased their target price on shares of Advanced Micro Devices from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, August 3rd. Susquehanna Bancshares dropped their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set a “positive” rating on the stock in a research report on Wednesday, July 13th. JPMorgan Chase & Co. decreased their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, August 3rd. Finally, Northland Securities increased their price target on shares of Advanced Micro Devices from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.10.

Advanced Micro Devices Company Profile

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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, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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

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