Dorsey Wright & Associates lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,349 shares of the semiconductor manufacturer’s stock after selling 8,041 shares during the quarter. Dorsey Wright & Associates’ holdings in Advanced Micro Devices were worth $2,450,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Trexquant Investment LP purchased a new stake in Advanced Micro Devices in the 1st quarter valued at $706,000. KBC Group NV raised its position in Advanced Micro Devices by 16.0% in the 2nd quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock valued at $1,334,000 after purchasing an additional 14,715 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Advanced Micro Devices in the 1st quarter valued at $148,000. Mitsubishi UFJ Trust & Banking Corp raised its position in Advanced Micro Devices by 48.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,363,776 shares of the semiconductor manufacturer’s stock valued at $29,500,000 after purchasing an additional 769,739 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Advanced Micro Devices by 392.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer’s stock valued at $29,040,000 after purchasing an additional 1,590,293 shares during the last quarter. Institutional investors own 59.15% of the company’s stock.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded up 0.08% during trading on Wednesday, reaching $12.31. The company had a trading volume of 17,430,269 shares. The company has a 50 day moving average of $12.91 and a 200-day moving average of $12.85. Advanced Micro Devices, Inc. has a 52-week low of $5.75 and a 52-week high of $15.65. The firm’s market capitalization is $11.65 billion.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The business had revenue of $1.22 billion during 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 revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

Several research firms recently commented on AMD. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a $10.60 price target on shares of Advanced Micro Devices in a research report on Monday, June 12th. Wells Fargo & Company reissued an “outperform” rating and issued a $15.00 price objective on shares of Advanced Micro Devices in a research note on Friday, June 30th. Mizuho reissued a “buy” rating and issued a $14.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 17th. BMO Capital Markets reissued an “outperform” rating and issued a $15.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 17th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Saturday, June 3rd. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $13.98.

In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $14.19, for a total value of $283,800.00. Following the transaction, the senior vice president now owns 442,363 shares of the company’s stock, valued at $6,277,130.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,909,915 shares of company stock valued at $21,024,000,024,603,700. 1.60% of the stock is owned by corporate insiders.

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Advanced Micro Devices 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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