CX Institutional Sells 109 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

CX Institutional reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,589 shares of the semiconductor manufacturer’s stock after selling 109 shares during the quarter. CX Institutional’s holdings in Advanced Micro Devices were worth $1,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Scarborough Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at $42,000. Los Angeles Capital Management LLC raised its holdings in Advanced Micro Devices by 29.8% during the 1st quarter. Los Angeles Capital Management LLC now owns 222,019 shares of the semiconductor manufacturer’s stock valued at $40,072,000 after buying an additional 50,917 shares during the last quarter. Atlas Brown Inc. bought a new stake in Advanced Micro Devices during the 1st quarter valued at $228,000. Tompkins Financial Corp bought a new stake in Advanced Micro Devices during the 1st quarter valued at $47,000. Finally, Bath Savings Trust Co bought a new position in Advanced Micro Devices in the 1st quarter worth $337,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $156.64 on Wednesday. The firm’s 50-day moving average price is $152.48 and its 200-day moving average price is $157.15. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The company has a market cap of $253.18 billion, a PE ratio of 230.35, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly 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 firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on AMD shares. Robert W. Baird decreased their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Citigroup upped their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Barclays decreased their price objective on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Advanced Micro Devices 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.