Great West Life Assurance Co. Can raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 560,414 shares of the semiconductor manufacturer’s stock after buying an additional 9,853 shares during the period. Great West Life Assurance Co. Can’s holdings in Advanced Micro Devices were worth $6,981,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AMD. Vanguard Group Inc. raised its stake in shares of 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 valued at $1,270,140,000 after buying an additional 15,661,774 shares during the period. Wellington Management Group LLP raised its stake in shares of 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 valued at $206,339,000 after buying an additional 13,939,494 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at $129,039,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at $63,654,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Advanced Micro Devices during the first quarter valued at $63,654,000. Institutional investors and hedge funds own 57.34% of the company’s stock.

Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 12.23 on Friday. Advanced Micro Devices, Inc. has a one year low of $5.66 and a one year high of $15.65. The company’s 50-day moving average is $13.47 and its 200-day moving average is $12.85. The firm’s market cap is $11.58 billion.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business earned ($0.05) EPS. The company’s revenue was up 19.0% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.

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AMD has been the topic of several recent research reports. Craig Hallum lifted their target price on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, June 22nd. Bank of America Corporation reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Tuesday, May 9th. Canaccord Genuity lifted their target price on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. Wells Fargo & Company reiterated an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 30th. Finally, Vetr upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 price target on the stock in a research report on Monday, June 26th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.18.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 11,810 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $12.17, for a total transaction of $143,727.70. Following the completion of the transaction, the chief accounting officer now owns 31,291 shares in the company, valued at approximately $380,811.47. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $10.86, for a total transaction of $217,200.00. Following the transaction, the senior vice president now owns 300,334 shares of the company’s stock, valued at approximately $3,261,627.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,664,647 shares of company stock valued at $21,024,000,021,520,200. Company 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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