Capital Investment Advisors LLC Reduces Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Investment Advisors LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 17.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 9,320 shares of the semiconductor manufacturer’s stock after selling 2,017 shares during the period. Capital Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $713,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Advanced Micro Devices by 36.9% in the first quarter. Vanguard Group Inc. now owns 133,525,143 shares of the semiconductor manufacturer’s stock valued at $14,599,640,000 after buying an additional 36,016,818 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Advanced Micro Devices by 34.6% during the first quarter. BlackRock Inc. now owns 119,569,366 shares of the semiconductor manufacturer’s stock valued at $13,073,716,000 after acquiring an additional 30,732,205 shares during the last quarter. State Street Corp boosted its stake in shares of Advanced Micro Devices by 37.5% during the first quarter. State Street Corp now owns 65,577,025 shares of the semiconductor manufacturer’s stock valued at $7,170,192,000 after acquiring an additional 17,896,122 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 22.2% during the first quarter. Fisher Asset Management LLC now owns 24,387,801 shares of the semiconductor manufacturer’s stock valued at $2,666,562,000 after acquiring an additional 4,431,251 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Advanced Micro Devices by 35.5% during the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after acquiring an additional 4,475,368 shares during the last quarter. Hedge funds and other institutional investors own 65.45% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $100.02, for a total transaction of $12,502,500.00. Following the sale, the chief executive officer now directly owns 2,926,985 shares in the company, valued at approximately $292,757,039.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $100.02, for a total value of $12,502,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,926,985 shares in the company, valued at approximately $292,757,039.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 32,694 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total value of $2,517,111.06. Following the completion of the sale, the executive vice president now owns 37,800 shares of the company’s stock, valued at $2,910,222. The disclosure for this sale can be found here. Insiders have sold 161,518 shares of company stock worth $15,378,613 in the last three months. 1.00% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $76.51 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.44 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52-week low of $71.60 and a 52-week high of $164.46. The stock’s 50 day moving average is $89.07 and its two-hundred day moving average is $94.32. The company has a market capitalization of $123.51 billion, a PE ratio of 32.15, a P/E/G ratio of 0.71 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.52 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMD. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Robert W. Baird reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, June 14th. Barclays decreased their price objective on Advanced Micro Devices from $115.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, July 11th. Benchmark raised their price target on Advanced Micro Devices from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Finally, Bank of America decreased their price target on Advanced Micro Devices from $160.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $125.30.

Advanced Micro Devices Company Profile

(Get Rating)

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, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

Featured Articles

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating).

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.