Sandy Spring Bank increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 55.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,615 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,290 shares during the quarter. Sandy Spring Bank’s holdings in Advanced Micro Devices were worth $105,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Centaurus Financial Inc. raised its holdings in shares of Advanced Micro Devices by 32.3% during the first quarter. Centaurus Financial Inc. now owns 2,295 shares of the semiconductor manufacturer’s stock valued at $90,000 after purchasing an additional 560 shares during the last quarter. Swedbank lifted its holdings in shares of Advanced Micro Devices by 69.4% during the second quarter. Swedbank now owns 751,376 shares of the semiconductor manufacturer’s stock worth $22,819,000 after buying an additional 307,795 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $237,000. Carroll Financial Associates Inc. lifted its holdings in shares of Advanced Micro Devices by 2,857.0% during the second quarter. Carroll Financial Associates Inc. now owns 5,914 shares of the semiconductor manufacturer’s stock worth $179,000 after buying an additional 5,714 shares in the last quarter. Finally, Calton & Associates Inc. acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $204,000. 62.58% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on AMD. Atlantic Securities began coverage on Advanced Micro Devices in a report on Monday, July 22nd. They set a “neutral” rating and a $28.00 target price for the company. Jefferies Financial Group lifted their target price on Advanced Micro Devices from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Mizuho set a $36.00 target price on Advanced Micro Devices and gave the stock a “hold” rating in a report on Monday, August 12th. Piper Jaffray Companies began coverage on Advanced Micro Devices in a report on Monday, August 19th. They set a “neutral” rating and a $33.00 target price for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $44.00 target price (up previously from $43.00) on shares of Advanced Micro Devices in a report on Sunday, August 11th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the company. Advanced Micro Devices currently has a consensus rating of “Hold” and a consensus price target of $34.76.

Advanced Micro Devices stock opened at $36.28 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $16.03 and a 12-month high of $37.18. The company has a quick ratio of 1.54, a current ratio of 2.10 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $31.12 and its two-hundred day moving average price is $30.47. The stock has a market cap of $40.26 billion, a PE ratio of 103.66, a P/E/G ratio of 3.26 and a beta of 3.07.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. Advanced Micro Devices had a return on equity of 16.54% and a net margin of 3.47%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business posted $0.13 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, analysts expect that Advanced Micro Devices, Inc. will post 0.46 earnings per share for the current year.

In other news, CFO Devinder Kumar sold 128,240 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $32.75, for a total transaction of $4,199,860.00. Following the sale, the chief financial officer now directly owns 475,013 shares in the company, valued at $15,556,675.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Harry A. Wolin sold 90,672 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $33.53, for a total value of $3,040,232.16. Following the sale, the senior vice president now owns 1,060,495 shares in the company, valued at $35,558,397.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,557,673 shares of company stock worth $50,665,943. Company insiders own 1.50% of the company’s stock.

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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