Teza Capital Management LLC Sells 15,255 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Teza Capital Management LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 78.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,126 shares of the semiconductor manufacturer’s stock after selling 15,255 shares during the period. Teza Capital Management LLC’s holdings in Advanced Micro Devices were worth $217,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AMD. Harwood Advisory Group LLC purchased a new position in Advanced Micro Devices during the first quarter valued at $26,000. Whittier Trust Co. lifted its position in Advanced Micro Devices by 58.2% during the second quarter. Whittier Trust Co. now owns 503 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 185 shares during the period. Prestige Wealth Management Group LLC lifted its position in Advanced Micro Devices by 202.5% during the first quarter. Prestige Wealth Management Group LLC now owns 605 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 405 shares during the period. CX Institutional lifted its position in Advanced Micro Devices by 102.6% during the first quarter. CX Institutional now owns 616 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 312 shares during the period. Finally, Pathstone Family Office LLC purchased a new position in Advanced Micro Devices during the first quarter valued at $28,000. Institutional investors and hedge funds own 69.37% of the company’s stock.

Shares of NASDAQ:AMD opened at $86.35 on Wednesday. The stock has a 50 day moving average of $71.22 and a 200 day moving average of $56.03. The company has a market cap of $97.54 billion, a PE ratio of 122.18, a price-to-earnings-growth ratio of 1.98 and a beta of 2.29. The company has a current ratio of 2.10, a quick ratio of 1.56 and a debt-to-equity ratio of 0.15. Advanced Micro Devices, Inc. has a 12-month low of $27.43 and a 12-month high of $87.29.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.86 billion. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. The firm’s revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 0.91 earnings per share for the current fiscal year.

Several research firms have recently issued reports on AMD. BMO Capital Markets lifted their price target on Advanced Micro Devices from $50.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. They noted that the move was a valuation call. Cowen lifted their price target on Advanced Micro Devices from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 21st. Rosenblatt Securities lifted their price target on Advanced Micro Devices from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Susquehanna Bancshares raised Advanced Micro Devices from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $64.00 to $85.00 in a research report on Wednesday, July 29th. Finally, ValuEngine lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and twenty have given a buy rating to the company’s stock. Advanced Micro Devices presently has an average rating of “Hold” and an average target price of $70.66.

In other Advanced Micro Devices news, Director Nora Denzel sold 75,000 shares of Advanced Micro Devices stock in a transaction on Friday, July 31st. The shares were sold at an average price of $78.75, for a total value of $5,906,250.00. Following the sale, the director now directly owns 84,560 shares in the company, valued at approximately $6,659,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 7,870 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $81.22, for a total transaction of $639,201.40. Following the completion of the sale, the chief accounting officer now owns 14,283 shares in the company, valued at approximately $1,160,065.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 649,635 shares of company stock valued at $44,023,536. 1.20% of the stock is currently owned by corporate 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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