Toronto Dominion Bank Has $14.98 Million Holdings in Advanced Micro Devices, Inc. (AMD)

Toronto Dominion Bank trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 34.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 587,234 shares of the semiconductor manufacturer’s stock after selling 312,660 shares during the period. Toronto Dominion Bank’s holdings in Advanced Micro Devices were worth $14,982,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legal & General Group Plc boosted its position in Advanced Micro Devices by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 3,884,842 shares of the semiconductor manufacturer’s stock worth $120,002,000 after acquiring an additional 56,775 shares during the period. Gateway Investment Advisers LLC boosted its position in Advanced Micro Devices by 0.6% during the 4th quarter. Gateway Investment Advisers LLC now owns 467,915 shares of the semiconductor manufacturer’s stock worth $8,638,000 after acquiring an additional 2,988 shares during the period. DNB Asset Management AS boosted its position in Advanced Micro Devices by 1.1% during the 4th quarter. DNB Asset Management AS now owns 120,330 shares of the semiconductor manufacturer’s stock worth $2,221,000 after acquiring an additional 1,257 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Advanced Micro Devices by 51.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 39,800 shares of the semiconductor manufacturer’s stock worth $734,000 after acquiring an additional 13,500 shares during the period. Finally, Meeder Asset Management Inc. boosted its position in Advanced Micro Devices by 145.0% during the 4th quarter. Meeder Asset Management Inc. now owns 50,279 shares of the semiconductor manufacturer’s stock worth $928,000 after acquiring an additional 29,759 shares during the period. Institutional investors and hedge funds own 58.78% of the company’s stock.

Shares of AMD stock traded up $0.12 during trading on Friday, reaching $28.13. The company had a trading volume of 2,483,506 shares, compared to its average volume of 64,589,480. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.08. Advanced Micro Devices, Inc. has a one year low of $12.66 and a one year high of $34.14. The company has a market capitalization of $29.83 billion, a price-to-earnings ratio of 80.39, a PEG ratio of 1.65 and a beta of 3.37.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business earned $0.11 EPS. The firm’s revenue was down 22.8% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices, Inc. will post 0.55 EPS for the current fiscal year.

A number of equities research analysts have commented on the company. Wells Fargo & Co raised their price objective on Advanced Micro Devices from $30.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Craig Hallum reaffirmed a “buy” rating and set a $33.00 price target (up from $27.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. MKM Partners raised their price target on Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Finally, Barclays raised their price target on Advanced Micro Devices from $21.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices presently has an average rating of “Buy” and a consensus price target of $28.92.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 250,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $26.75, for a total value of $6,687,500.00. Following the transaction, the chief executive officer now directly owns 2,511,264 shares of the company’s stock, valued at approximately $67,176,312. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 50,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $22.07, for a total value of $1,103,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,311,264 shares in the company, valued at $51,009,596.48. The disclosure for this sale can be found here. Insiders sold a total of 732,664 shares of company stock worth $18,831,429 over the last three months. 1.50% of the stock is owned by company insiders.

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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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