Bp Plc lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 410,000 shares of the semiconductor manufacturer’s stock after selling 80,000 shares during the period. Bp Plc’s holdings in Advanced Micro Devices were worth $5,113,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of AMD. Hartford Investment Management Co. boosted its position in Advanced Micro Devices by 2.3% in the second quarter. Hartford Investment Management Co. now owns 179,781 shares of the semiconductor manufacturer’s stock worth $2,244,000 after buying an additional 4,036 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Advanced Micro Devices by 39.5% in the first quarter. Nisa Investment Advisors LLC now owns 11,300 shares of the semiconductor manufacturer’s stock worth $164,000 after buying an additional 3,200 shares during the last quarter. DnB Asset Management AS acquired a new position in Advanced Micro Devices during the first quarter worth about $1,111,000. Gateway Investment Advisers LLC boosted its position in Advanced Micro Devices by 179.6% in the first quarter. Gateway Investment Advisers LLC now owns 506,158 shares of the semiconductor manufacturer’s stock worth $7,365,000 after buying an additional 325,108 shares during the last quarter. Finally, Telemus Capital LLC acquired a new position in Advanced Micro Devices during the first quarter worth about $291,000. Institutional investors own 57.34% of the company’s stock.
Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 13.11 on Wednesday. The firm’s market capitalization is $12.39 billion. Advanced Micro Devices, Inc. has a one year low of $5.66 and a one year high of $15.65. The stock has a 50 day moving average price of $13.49 and a 200-day moving average price of $12.74.
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, topping the Zacks’ 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 company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned ($0.05) EPS. Advanced Micro Devices’s revenue for the quarter was up 19.0% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.
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A number of research firms recently issued reports on AMD. Goldman Sachs Group, Inc. (The) set a $11.00 price objective on Advanced Micro Devices and gave the company a “sell” rating in a report on Wednesday, July 26th. Vetr upgraded Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price objective for the company in a report on Monday, June 26th. Zacks Investment Research cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, June 23rd. Finally, Northland Securities restated a “buy” rating and set a $17.50 price objective on shares of Advanced Micro Devices in a report on Friday, June 23rd. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.18.
In related news, insider Mark D. Papermaster sold 126,438 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $13.18, for a total value of $1,666,452.84. Following the transaction, the insider now owns 1,086,522 shares in the company, valued at approximately $14,320,359.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Devinder Kumar sold 130,217 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $13.18, for a total value of $1,716,260.06. Following the completion of the transaction, the chief financial officer now owns 850,107 shares in the company, valued at approximately $11,204,410.26. The disclosure for this sale can be found here. Insiders have sold 41,360,216 shares of company stock worth $21,024,000,017,670,000 in the last quarter. Insiders own 1.60% of the company’s stock.
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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