National Planning Corp Has $157,000 Position in Advanced Micro Devices, Inc. (AMD)

National Planning Corp increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,890 shares of the semiconductor manufacturer’s stock after buying an additional 600 shares during the period. National Planning Corp’s holdings in Advanced Micro Devices were worth $157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Vanguard Group Inc. raised its position in Advanced Micro Devices by 21.9% in the first quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock worth $1,270,140,000 after buying an additional 15,661,774 shares in the last quarter. Wellington Management Group LLP raised its position in Advanced Micro Devices by 5,764.6% in the first quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after buying an additional 13,939,494 shares in the last quarter. Geode Capital Management LLC raised its position in Advanced Micro Devices by 31.7% in the first quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock worth $133,854,000 after buying an additional 2,215,111 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in Advanced Micro Devices during the first quarter worth about $129,039,000. Finally, Schwab Charles Investment Management Inc. raised its position in Advanced Micro Devices by 39.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,151,851 shares of the semiconductor manufacturer’s stock worth $74,960,000 after buying an additional 1,455,622 shares in the last quarter. Institutional investors and hedge funds own 56.37% of the company’s stock.

Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 12.34 on Friday. The stock’s market cap is $11.68 billion. The stock’s 50 day moving average price is $13.35 and its 200-day moving average price is $12.91. Advanced Micro Devices, Inc. has a one year low of $5.66 and a one year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) EPS. On average, analysts predict that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

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A number of research analysts recently issued reports on AMD shares. Longbow Research started coverage on Advanced Micro Devices in a research report on Friday, June 9th. They set a “neutral” rating and a $13.10 price objective for the company. Vetr upgraded Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price objective for the company in a research report on Monday, June 26th. Northland Securities restated a “buy” rating and set a $17.50 price objective on shares of Advanced Micro Devices in a research report on Friday, June 23rd. Credit Suisse Group restated a “neutral” rating on shares of Advanced Micro Devices in a research report on Sunday, May 21st. Finally, Jefferies Group LLC restated a “buy” rating and set a $16.00 price objective on shares of Advanced Micro Devices in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $14.18.

In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $525,600,000.00, for a total transaction of $21,024,000,000,000,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Darla M. Smith sold 8,172 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $12.85, for a total value of $105,010.20. Following the sale, the insider now directly owns 34,934 shares in the company, valued at approximately $448,901.90. The disclosure for this sale can be found here. In the last three months, insiders sold 41,798,513 shares of company stock worth $21,024,000,023,167,700. 1.60% of the stock is currently owned by company insiders.

Advanced Micro Devices Company Profile

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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