World Asset Management Inc boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 57,906 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,014 shares during the period. World Asset Management Inc’s holdings in Advanced Micro Devices were worth $1,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Coldstream Capital Management Inc. raised its position in Advanced Micro Devices by 22.1% during the first quarter. Coldstream Capital Management Inc. now owns 22,570 shares of the semiconductor manufacturer’s stock valued at $227,000 after acquiring an additional 4,085 shares in the last quarter. First Allied Advisory Services Inc. raised its position in Advanced Micro Devices by 17.3% during the second quarter. First Allied Advisory Services Inc. now owns 27,985 shares of the semiconductor manufacturer’s stock valued at $415,000 after acquiring an additional 4,126 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Advanced Micro Devices during the second quarter valued at approximately $275,000. CIBC Asset Management Inc raised its position in Advanced Micro Devices by 5.6% during the second quarter. CIBC Asset Management Inc now owns 82,559 shares of the semiconductor manufacturer’s stock valued at $1,238,000 after acquiring an additional 4,344 shares in the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in Advanced Micro Devices by 59.3% during the second quarter. Thompson Davis & CO. Inc. now owns 11,750 shares of the semiconductor manufacturer’s stock valued at $176,000 after acquiring an additional 4,375 shares in the last quarter. 65.96% of the stock is currently owned by hedge funds and other institutional investors.

AMD has been the topic of several recent research reports. Bank of America raised their price objective on shares of Advanced Micro Devices to $25.00 and gave the company an “average” rating in a research report on Monday, August 6th. TheStreet upgraded Advanced Micro Devices from a “c” rating to a “b-” rating in a report on Wednesday, July 25th. Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, June 26th. BidaskClub downgraded Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 19th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $23.58.

In other news, insider Mark D. Papermaster sold 20,066 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $19.14, for a total value of $384,063.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Devinder Kumar sold 113,519 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $19.37, for a total transaction of $2,198,863.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,822,900 shares of company stock worth $486,042,396. 1.80% of the stock is currently owned by corporate insiders.

Shares of Advanced Micro Devices stock opened at $26.34 on Friday. The firm has a market capitalization of $30.11 billion, a PE ratio of 316.25, a P/E/G ratio of 6.00 and a beta of 3.10. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.26 and a current ratio of 1.66. Advanced Micro Devices, Inc. has a 1 year low of $9.04 and a 1 year high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. Advanced Micro Devices had a net margin of 5.04% and a return on equity of 52.84%. Advanced Micro Devices’s quarterly revenue was up 52.6% on a year-over-year basis. During the same quarter last year, the company posted $0.02 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 0.37 earnings per share for the current year.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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.

See Also: What is the balance sheet?

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD).

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.