World Asset Management Inc lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,518 shares of the semiconductor manufacturer’s stock after selling 1,966 shares during the period. World Asset Management Inc’s holdings in Advanced Micro Devices were worth $930,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AMD. Vanguard Group Inc. increased its stake 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 during the period. Wellington Management Group LLP increased its stake 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 during the period. Geode Capital Management LLC increased its stake 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 during the period. Old Mutual Global Investors UK Ltd. purchased a new stake in Advanced Micro Devices during the first quarter worth approximately $129,039,000. Finally, Schwab Charles Investment Management Inc. increased its stake 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 during the period. 57.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. Advanced Micro Devices’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share.

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

In other news, SVP James Robert Anderson sold 160,122 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $12.48, for a total value of $1,998,322.56. Following the completion of the transaction, the senior vice president now directly owns 622,485 shares of the company’s stock, valued at $7,768,612.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the business’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 value of $21,024,000,000,000,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,589,751 shares of company stock valued at $21,024,000,007,258,100. Insiders own 1.60% of the company’s stock.

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

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