Louisiana State Employees Retirement System Has $600,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Louisiana State Employees Retirement System boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,100 shares of the semiconductor manufacturer’s stock after buying an additional 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Advanced Micro Devices were worth $600,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMD. Meeder Asset Management Inc. acquired a new position in shares of Advanced Micro Devices during the first quarter worth approximately $100,000. Intellectus Partners LLC acquired a new position in shares of Advanced Micro Devices during the first quarter worth approximately $116,000. ING Groep NV acquired a new position in shares of Advanced Micro Devices during the first quarter worth approximately $127,000. Bluestein R H & Co. acquired a new position in shares of Advanced Micro Devices during the first quarter worth approximately $146,000. Finally, Harbor Advisors LLC acquired a new position in shares of Advanced Micro Devices during the first quarter worth approximately $146,000. 56.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Advanced Micro Devices, Inc. (AMD) opened at 12.37 on Friday. The company’s 50-day moving average price is $13.35 and its 200 day moving average price is $12.92. The stock’s market cap is $11.71 billion. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted ($0.05) earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

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AMD has been the topic of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating and set a $16.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, May 2nd. Rosenblatt Securities raised their target price on shares of Advanced Micro Devices from $16.50 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Monday, May 1st. Mizuho raised their target price on shares of Advanced Micro Devices from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 3rd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.18.

In other news, CAO Darla M. Smith sold 11,810 shares of Advanced Micro Devices stock in a transaction on Friday, August 11th. The stock was sold at an average price of $12.17, for a total value of $143,727.70. Following the completion of the sale, the chief accounting officer now directly owns 31,291 shares of the company’s stock, valued at $380,811.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of Advanced Micro Devices stock in a transaction on Friday, August 4th. The shares were sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,798,513 shares of company stock worth $21,024,000,023,167,700. 1.60% of the stock is currently owned by company insiders.

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.

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

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