Sit Investment Associates Inc. purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,800 shares of the semiconductor manufacturer’s stock, valued at approximately $247,000.
Several other institutional investors have also modified their holdings of AMD. Teachers Advisors LLC raised its stake in shares of Advanced Micro Devices by 14.2% in the fourth quarter. Teachers Advisors LLC now owns 12,308,204 shares of the semiconductor manufacturer’s stock worth $139,575,000 after buying an additional 1,526,306 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Advanced Micro Devices during the first quarter worth $9,676,000. Charter Trust Co. bought a new stake in shares of Advanced Micro Devices during the first quarter worth $153,000. Exxonmobil Investment Management Inc. TX bought a new stake in shares of Advanced Micro Devices during the first quarter worth $2,493,000. Finally, Gulf International Bank UK Ltd bought a new stake in shares of Advanced Micro Devices during the first quarter worth $3,633,000. 56.37% of the stock is currently owned by institutional investors and hedge funds.
Advanced Micro Devices, Inc. (AMD) traded up 0.24% during mid-day trading on Friday, reaching $12.37. 37,521,694 shares of the company’s stock were exchanged. The stock’s market capitalization is $11.71 billion. The firm’s 50-day moving average is $13.35 and its 200 day moving average is $12.92. Advanced Micro Devices, Inc. has a 1-year low of $5.66 and a 1-year high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Analysts forecast that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.
AMD has been the topic of a number of research analyst reports. Summit Redstone reissued a “hold” rating on shares of Advanced Micro Devices in a report on Saturday, July 22nd. Canaccord Genuity reissued a “buy” rating and set a $17.00 price objective on shares of Advanced Micro Devices in a report on Friday, May 19th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Monday, May 1st. MKM Partners reissued a “neutral” rating and set a $13.00 price objective on shares of Advanced Micro Devices in a report on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices presently has a consensus rating of “Hold” and an average target price of $14.18.
In other news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $10.86, for a total transaction of $217,200.00. Following the completion of the transaction, the senior vice president now directly owns 300,334 shares of the company’s stock, valued at approximately $3,261,627.24. The disclosure for this sale can be found here. In the last three months, insiders sold 41,798,513 shares of company stock valued at $21,024,000,023,167,700. Company 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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