Advanced Micro Devices, Inc. (AMD) Holdings Boosted by Tredje AP fonden

Tredje AP fonden raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 207.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,490 shares of the semiconductor manufacturer’s stock after buying an additional 108,270 shares during the quarter. Tredje AP fonden’s holdings in Advanced Micro Devices were worth $2,003,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 21.9% during the 1st quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock worth $1,270,140,000 after buying an additional 15,661,774 shares during the period. Wellington Management Group LLP boosted its position in Advanced Micro Devices by 5,764.6% during the 1st quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after buying an additional 13,939,494 shares during the period. Geode Capital Management LLC boosted its position in Advanced Micro Devices by 31.7% during the 1st quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock worth $133,854,000 after buying an additional 2,215,111 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Advanced Micro Devices by 39.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,151,851 shares of the semiconductor manufacturer’s stock worth $74,960,000 after buying an additional 1,455,622 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Advanced Micro Devices during the 1st quarter worth approximately $63,654,000. 59.15% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at 12.25 on Monday. The stock’s 50 day moving average price is $12.98 and its 200 day moving average price is $12.89. The company’s market cap is $11.60 billion. Advanced Micro Devices, Inc. has a 52-week low of $5.66 and a 52-week high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned ($0.05) EPS. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

In other news, SVP James Robert Anderson sold 160,122 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $12.48, for a total transaction of $1,998,322.56. Following the completion of the sale, the senior vice president now directly owns 622,485 shares in the company, valued at $7,768,612.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ahmed Yahia sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $12.84, for a total value of $1,027,200.00. Following the sale, the director now owns 182,941 shares of the company’s stock, valued at $2,348,962.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,847,415 shares of company stock valued at $21,024,000,023,836,800. 1.60% of the stock is owned by insiders.

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AMD has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) set a $11.00 price target on shares of Advanced Micro Devices and gave the stock a “sell” rating in a research report on Wednesday, July 26th. Vetr upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price objective for the company in a research note on Monday, June 26th. Zacks Investment Research lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Northland Securities reiterated a “buy” rating and issued a $17.50 price objective on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Micro Devices presently has a consensus rating of “Hold” and a consensus price target of $13.98.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, 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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