Kintegral Advisory LLC Sells 1,138 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kintegral Advisory LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,910 shares of the semiconductor manufacturer’s stock after selling 1,138 shares during the quarter. Advanced Micro Devices accounts for approximately 0.7% of Kintegral Advisory LLC’s portfolio, making the stock its 29th largest position. Kintegral Advisory LLC’s holdings in Advanced Micro Devices were worth $7,771,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMD. Whitaker Myers Wealth Managers LTD. boosted its holdings in Advanced Micro Devices by 14.0% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 2,576 shares of the semiconductor manufacturer’s stock worth $418,000 after acquiring an additional 317 shares in the last quarter. West Branch Capital LLC grew its holdings in Advanced Micro Devices by 62.8% during the second quarter. West Branch Capital LLC now owns 2,102 shares of the semiconductor manufacturer’s stock worth $341,000 after buying an additional 811 shares in the last quarter. Jessup Wealth Management Inc boosted its holdings in Advanced Micro Devices by 14.2% during the 2nd quarter. Jessup Wealth Management Inc now owns 65,908 shares of the semiconductor manufacturer’s stock worth $10,691,000 after acquiring an additional 8,189 shares during the last quarter. Conning Inc. boosted its holdings in Advanced Micro Devices by 3.1% during the 2nd quarter. Conning Inc. now owns 10,983 shares of the semiconductor manufacturer’s stock worth $1,782,000 after acquiring an additional 328 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. grew its stake in shares of Advanced Micro Devices by 10.5% in the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 16,028 shares of the semiconductor manufacturer’s stock worth $2,600,000 after acquiring an additional 1,517 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock traded down $4.14 during mid-day trading on Wednesday, reaching $146.36. 33,796,523 shares of the company traded hands, compared to its average volume of 62,414,648. The company has a fifty day moving average price of $154.05 and a 200-day moving average price of $164.53. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 1.92. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a market capitalization of $236.56 billion, a P/E ratio of 215.24, a P/E/G ratio of 1.79 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. Advanced Micro Devices’s revenue was up 8.9% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices 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 sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMD shares. Wells Fargo & Company boosted their price target 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. Citigroup upped their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, Benchmark lowered their target price on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

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.