TD Asset Management Inc Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

TD Asset Management Inc lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,426,065 shares of the semiconductor manufacturer’s stock after selling 77,646 shares during the quarter. TD Asset Management Inc owned 0.09% of Advanced Micro Devices worth $231,322,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stablepoint Partners LLC boosted its position in shares of Advanced Micro Devices by 4.1% during the second quarter. Stablepoint Partners LLC now owns 8,622 shares of the semiconductor manufacturer’s stock worth $1,399,000 after buying an additional 338 shares during the period. Pursue Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 242.3% during the 2nd quarter. Pursue Wealth Partners LLC now owns 17,704 shares of the semiconductor manufacturer’s stock valued at $2,872,000 after acquiring an additional 12,532 shares during the period. Belpointe Asset Management LLC grew its position in Advanced Micro Devices by 9.6% in the 2nd quarter. Belpointe Asset Management LLC now owns 34,428 shares of the semiconductor manufacturer’s stock valued at $5,585,000 after acquiring an additional 3,021 shares in the last quarter. Consolidated Planning Corp increased its stake in Advanced Micro Devices by 10.9% during the second quarter. Consolidated Planning Corp now owns 15,436 shares of the semiconductor manufacturer’s stock worth $2,504,000 after purchasing an additional 1,516 shares during the period. Finally, Community Bank & Trust Waco Texas increased its stake in Advanced Micro Devices by 2.0% during the second quarter. Community Bank & Trust Waco Texas now owns 11,724 shares of the semiconductor manufacturer’s stock worth $1,902,000 after purchasing an additional 230 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 1.2 %

NASDAQ:AMD opened at $139.17 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The stock has a fifty day moving average price of $152.27 and a two-hundred day moving average price of $163.34. The stock has a market capitalization of $224.94 billion, a price-to-earnings ratio of 207.16, a PEG ratio of 2.03 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.40 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Edward Jones initiated coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating on the stock. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Cantor Fitzgerald reduced their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.