Walleye Capital LLC Invests $1.68 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Walleye Capital LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,346 shares of the semiconductor manufacturer’s stock, valued at approximately $1,678,000.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 36.9% during 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 purchasing an additional 36,016,818 shares during the period. BlackRock Inc. lifted its stake in Advanced Micro Devices by 34.6% in the first quarter. BlackRock Inc. now owns 119,569,366 shares of the semiconductor manufacturer’s stock valued at $13,073,716,000 after buying an additional 30,732,205 shares in the last quarter. State Street Corp lifted its stake in Advanced Micro Devices by 37.5% in 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 buying an additional 17,896,122 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Advanced Micro Devices by 22.2% in 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 buying an additional 4,431,251 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Advanced Micro Devices by 35.5% in 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 buying an additional 4,475,368 shares in the last quarter. Institutional investors and hedge funds own 65.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wedbush reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, June 8th. Raymond James cut their price objective on shares of Advanced Micro Devices from $160.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, August 3rd. Barclays cut their price objective on shares of Advanced Micro Devices from $115.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, July 11th. Benchmark boosted their price objective on shares of Advanced Micro Devices from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, June 10th. Finally, Mizuho cut their price objective on shares of Advanced Micro Devices from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.30.

Advanced Micro Devices Trading Down 0.2 %

AMD stock opened at $76.51 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.44. The company’s 50-day simple moving average is $89.07 and its 200 day simple moving average is $94.32. Advanced Micro Devices, Inc. has a 52 week low of $71.60 and a 52 week high of $164.46. The company has a market capitalization of $123.51 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 0.71 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.03). Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same quarter last year, the company posted $0.58 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Rick Bergman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $92.39, for a total transaction of $277,170.00. Following the completion of the sale, the executive vice president now owns 161,232 shares of the company’s stock, valued at $14,896,224.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Rick Bergman sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $92.39, for a total transaction of $277,170.00. Following the completion of the sale, the executive vice president now owns 161,232 shares of the company’s stock, valued at $14,896,224.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Darren Grasby sold 32,694 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the sale, the executive vice president now directly owns 37,800 shares of the company’s stock, valued at approximately $2,910,222. The disclosure for this sale can be found here. Over the last three months, insiders have sold 161,518 shares of company stock worth $15,378,613. Corporate insiders own 1.00% of the company’s stock.

About Advanced Micro Devices

(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.

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

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