Public Employees Retirement Association of Colorado raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.3% during the second quarter, Holdings Channel reports. The institutional investor owned 153,756 shares of the semiconductor manufacturer’s stock after buying an additional 25,943 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Advanced Micro Devices were worth $1,919,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of Advanced Micro Devices during the first quarter worth $100,000. Intellectus Partners LLC acquired a new position in shares of Advanced Micro Devices during the first quarter worth $116,000. ING Groep NV acquired a new position in shares of Advanced Micro Devices during the first quarter worth $127,000. Bluestein R H & Co. acquired a new position in shares of Advanced Micro Devices during the first quarter worth $146,000. Finally, Harbor Advisors LLC acquired a new position in shares of Advanced Micro Devices during the first quarter worth $146,000. 57.34% of the stock is owned by institutional investors and hedge funds.

Shares of Advanced Micro Devices, Inc. (AMD) opened at 12.12 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $5.66 and a 12 month high of $15.65. The stock’s 50 day moving average is $13.53 and its 200 day moving average is $12.83. The company’s market capitalization is $11.47 billion.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm posted ($0.05) earnings per share. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.

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A number of research firms have recently commented on AMD. Jefferies Group LLC reiterated a “buy” rating and set a $16.00 price target on shares of Advanced Micro Devices in a report on Tuesday, May 2nd. Rosenblatt Securities increased their price target on shares of Advanced Micro Devices from $16.50 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, May 1st. Mizuho increased their price target on shares of Advanced Micro Devices from $13.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, May 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $17.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 3rd. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.18.

In related news, insider Darla M. Smith sold 9,620 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $10.98, for a total transaction of $105,627.60. Following the sale, the insider now directly owns 19,808 shares of the company’s stock, valued at $217,491.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark D. Papermaster sold 30,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $13.46, for a total transaction of $403,800.00. Following the sale, the insider now directly owns 930,084 shares in the company, valued at $12,518,930.64. The disclosure for this sale can be found here. Insiders have sold 41,390,216 shares of company stock worth $21,024,000,018,073,800 over the last three months. 1.60% of the stock is currently owned by insiders.

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

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