Sit Investment Associates Inc. purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 19,800 shares of the semiconductor manufacturer’s stock, valued at approximately $247,000.
Other large investors have also modified their holdings of the company. North Star Asset Management Inc. increased its stake in shares of Advanced Micro Devices by 1.5% in the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock valued at $223,000 after buying an additional 233 shares in the last quarter. Pier Capital LLC increased its stake in shares of Advanced Micro Devices by 1.0% in the first quarter. Pier Capital LLC now owns 49,311 shares of the semiconductor manufacturer’s stock valued at $717,000 after buying an additional 474 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Advanced Micro Devices by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 48,100 shares of the semiconductor manufacturer’s stock valued at $600,000 after buying an additional 700 shares in the last quarter. Concert Wealth Management Inc. increased its stake in shares of Advanced Micro Devices by 4.8% in the first quarter. Concert Wealth Management Inc. now owns 16,560 shares of the semiconductor manufacturer’s stock valued at $188,000 after buying an additional 760 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Advanced Micro Devices by 0.8% in the first quarter. Amalgamated Bank now owns 105,562 shares of the semiconductor manufacturer’s stock valued at $1,536,000 after buying an additional 885 shares in the last quarter. 57.28% of the stock is currently owned by institutional investors.
Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down 0.60% during midday trading on Friday, reaching $13.16. 46,080,844 shares of the company traded hands. Advanced Micro Devices, Inc. has a 12-month low of $5.66 and a 12-month high of $15.65. The company has a 50 day moving average of $13.36 and a 200-day moving average of $12.73. The stock’s market capitalization is $12.44 billion.
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, topping analysts’ consensus estimates of ($0.02) by $0.04. The business 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 business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the company posted ($0.05) earnings per share. Equities analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.
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AMD has been the subject of several research reports. BMO Capital Markets cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research note on Wednesday, July 26th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Northland Securities reiterated a “buy” rating and issued a $17.50 target price on shares of Advanced Micro Devices in a research note on Friday, June 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 target price (up previously from $8.00) on shares of Advanced Micro Devices in a research note on Tuesday, May 2nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $14.00 target price (up previously from $12.00) on shares of Advanced Micro Devices in a research note on Tuesday, May 2nd. 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 issued a strong buy rating to the company’s stock. Advanced Micro Devices presently has an average rating of “Hold” and a consensus price target of $14.18.
In other news, CEO Lisa T. Su sold 87,500 shares of Advanced Micro Devices stock in a transaction dated 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 directly owns 1,429,540 shares in the company, valued at $14,638,489.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total transaction of $963,750.00. Following the transaction, the senior vice president now owns 600,301 shares of the company’s stock, valued at $9,256,641.42. The disclosure for this sale can be found here. Insiders sold 589,751 shares of company stock valued at $7,258,060 over the last 90 days. Corporate 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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