IFM Investors Pty Ltd increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 97,323 shares of the semiconductor manufacturer’s stock after acquiring an additional 11,326 shares during the quarter. IFM Investors Pty Ltd’s holdings in Advanced Micro Devices were worth $7,980,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Capital World Investors increased its position in Advanced Micro Devices by 69.1% during the first quarter. Capital World Investors now owns 47,990,133 shares of the semiconductor manufacturer’s stock worth $2,182,597,000 after purchasing an additional 19,615,477 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Advanced Micro Devices by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 14,629,900 shares of the semiconductor manufacturer’s stock valued at $769,679,000 after acquiring an additional 1,016,888 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Advanced Micro Devices by 7.9% during the second quarter. Nuveen Asset Management LLC now owns 11,532,429 shares of the semiconductor manufacturer’s stock valued at $606,720,000 after acquiring an additional 841,525 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Advanced Micro Devices by 19.1% during the second quarter. Fisher Asset Management LLC now owns 8,498,210 shares of the semiconductor manufacturer’s stock valued at $447,091,000 after acquiring an additional 1,365,541 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Advanced Micro Devices by 6.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,810,941 shares of the semiconductor manufacturer’s stock valued at $305,714,000 after acquiring an additional 369,836 shares during the last quarter. Hedge funds and other institutional investors own 66.08% of the company’s stock.

AMD has been the subject of a number of recent analyst reports. Craig Hallum cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lifted their price target for the company from $60.00 to $66.00 in a research report on Wednesday, July 29th. Morgan Stanley lifted their price target on shares of Advanced Micro Devices from $56.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. BNP Paribas upgraded shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating and set a $110.00 price target for the company in a research report on Wednesday, July 29th. Northland Securities cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $80.00 price target for the company. in a research report on Monday, August 24th. Finally, Goldman Sachs Group lifted their price target on shares of Advanced Micro Devices from $50.00 to $84.00 and gave the company a “neutral” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and twenty have given a buy rating to the stock. Advanced Micro Devices has a consensus rating of “Hold” and a consensus price target of $73.85.

In other news, CAO Darla M. Smith sold 7,870 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $81.22, for a total transaction of $639,201.40. Following the completion of the sale, the chief accounting officer now owns 14,283 shares in the company, valued at approximately $1,160,065.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rick Bergman sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $83.34, for a total transaction of $166,680.00. Following the sale, the executive vice president now owns 75,891 shares of the company’s stock, valued at approximately $6,324,755.94. The disclosure for this sale can be found here. Insiders have sold a total of 490,635 shares of company stock valued at $37,229,036 in the last 90 days. Insiders own 1.50% of the company’s stock.

Advanced Micro Devices stock traded up $0.04 during trading on Friday, reaching $83.17. The stock had a trading volume of 31,474,294 shares, compared to its average volume of 65,807,336. The stock has a market cap of $97.65 billion, a PE ratio of 156.93, a P/E/G ratio of 2.01 and a beta of 2.30. The company has a quick ratio of 1.56, a current ratio of 2.10 and a debt-to-equity ratio of 0.15. Advanced Micro Devices, Inc. has a 52-week low of $30.29 and a 52-week high of $94.28. The business has a 50 day moving average price of $81.43 and a 200 day moving average price of $64.80.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.86 billion. Advanced Micro Devices had a net margin of 7.96% and a return on equity of 28.66%. The company’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 0.91 EPS for the current fiscal year.

Advanced Micro Devices Profile

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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