Hartford Investment Management Co. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,781 shares of the semiconductor manufacturer’s stock after buying an additional 4,036 shares during the period. Hartford Investment Management Co.’s holdings in Advanced Micro Devices were worth $2,244,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $100,000. Intellectus Partners LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $116,000. ING Groep NV acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $127,000. Bluestein R H & Co. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $146,000. Finally, Harbor Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $146,000. Institutional investors own 57.28% of the company’s stock.
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 1.0219% during trading on Friday, hitting $13.1047. 47,970,694 shares of the stock traded hands. The stock’s market cap is $12.38 billion. Advanced Micro Devices, Inc. has a 12 month low of $5.66 and a 12 month high of $15.65. The firm’s 50-day moving average price is $13.36 and its 200-day moving average price is $12.73.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.
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A number of equities research analysts have weighed in on the company. BMO Capital Markets downgraded Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a report on Wednesday, July 26th. Jefferies Group LLC set a $19.00 target price on Advanced Micro Devices and gave the company a “buy” rating in a report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $13.00 target price on shares of Advanced Micro Devices in a report on Friday, July 28th. Citigroup Inc. reaffirmed a “sell” rating on shares of Advanced Micro Devices in a report on Wednesday, July 26th. Finally, Robert W. Baird began coverage on Advanced Micro Devices in a report on Wednesday, July 26th. They issued an “outperform” rating and a $20.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.18.
In related news, CEO Lisa T. Su sold 87,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $10.24, for a total transaction of $896,000.00. Following the completion of the transaction, the chief executive officer now owns 1,429,540 shares in the company, valued at approximately $14,638,489.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Darla M. Smith sold 9,620 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $10.98, for a total transaction of $105,627.60. Following the transaction, the insider now owns 19,808 shares of the company’s stock, valued at approximately $217,491.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 589,751 shares of company stock valued at $7,258,060. 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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