Nelson Van Denburg & Campbell Wealth Management Group LLC Sells 500 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nelson Van Denburg & Campbell Wealth Management Group LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 32.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,035 shares of the semiconductor manufacturer’s stock after selling 500 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Advanced Micro Devices were worth $30,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Intersect Capital LLC grew its holdings in Advanced Micro Devices by 3.9% in the second quarter. Intersect Capital LLC now owns 9,176 shares of the semiconductor manufacturer’s stock worth $279,000 after purchasing an additional 345 shares during the last quarter. Tyers Asset Management LLC boosted its holdings in Advanced Micro Devices by 1.8% in the first quarter. Tyers Asset Management LLC now owns 22,000 shares of the semiconductor manufacturer’s stock valued at $561,000 after purchasing an additional 384 shares during the last quarter. Berman Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 41.6% in the second 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. Assetmark Inc. boosted its holdings in Advanced Micro Devices by 55.7% in the second 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, Commonwealth Bank of Australia boosted its holdings in Advanced Micro Devices by 50.9% in the second quarter. Commonwealth Bank of Australia now owns 1,651 shares of the semiconductor manufacturer’s stock valued at $48,000 after purchasing an additional 557 shares during the last quarter. 62.43% of the stock is owned by institutional investors.

Several research firms have commented on AMD. Deutsche Bank reaffirmed a “hold” rating and issued a $29.00 price target (up from $25.00) on shares of Advanced Micro Devices in a report on Tuesday, July 30th. Atlantic Securities began coverage on shares of Advanced Micro Devices in a report on Monday, July 22nd. They issued a “neutral” rating and a $28.00 price target on the stock. Jefferies Financial Group upped their price target on shares of Advanced Micro Devices from $34.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Benchmark began coverage on shares of Advanced Micro Devices in a report on Thursday, August 1st. They issued a “hold” rating on the stock. Finally, Mizuho set a $36.00 price objective on shares of Advanced Micro Devices and gave the stock a “hold” rating in a research report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.04.

AMD opened at $29.75 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $16.03 and a twelve month high of $35.55. The company has a quick ratio of 1.52, a current ratio of 2.08 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $30.00 and a 200 day moving average price of $29.73. The company has a market cap of $30.89 billion, a PE ratio of 85.00, a price-to-earnings-growth ratio of 2.49 and a beta of 2.99.

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

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $30.25, for a total value of $907,500.00. Following the completion of the sale, the executive vice president now owns 1,365,280 shares in the company, valued at approximately $41,299,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Paul Darren Grasby sold 6,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $31.30, for a total transaction of $187,800.00. Following the completion of the sale, the senior vice president now owns 33,113 shares of the company’s stock, valued at approximately $1,036,436.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,716,908 shares of company stock valued at $55,473,703. Insiders own 1.50% of the company’s stock.

Advanced Micro Devices 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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