Profund Advisors LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178,848 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,304 shares during the quarter. Profund Advisors LLC’s holdings in Advanced Micro Devices were worth $2,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMD. Vanguard Group Inc. lifted 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 valued at $1,270,140,000 after buying an additional 15,661,774 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Advanced Micro Devices in the second quarter valued at approximately $184,767,000. Wellington Management Group LLP lifted 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 valued at $206,339,000 after buying an additional 13,939,494 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in Advanced Micro Devices in the first quarter valued at approximately $63,654,000. Finally, Marshall Wace North America L.P. purchased a new stake in Advanced Micro Devices in the first quarter valued at approximately $63,654,000. 59.15% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices, Inc. (NASDAQ AMD) traded up 2.12% during mid-day trading on Friday, reaching $12.52. The company’s stock had a trading volume of 50,337,411 shares. The company’s market capitalization is $11.85 billion. The firm has a 50 day moving average price of $12.72 and a 200-day moving average price of $12.81. Advanced Micro Devices, Inc. has a 1-year low of $6.08 and a 1-year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned ($0.05) EPS. The company’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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In other news, CEO Lisa T. Su sold 325,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $12.46, for a total transaction of $4,049,500.00. Following the sale, the chief executive officer now directly owns 2,037,139 shares of the company’s stock, valued at $25,382,751.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Insiders sold a total of 42,234,915 shares of company stock worth $21,024,000,028,653,200 in the last three months. Company insiders own 1.60% of the company’s stock.

A number of brokerages have weighed in on AMD. Bank of America Corporation reiterated a “buy” rating and issued a $18.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, August 16th. Barclays PLC reiterated an “underweight” rating and issued a $9.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Pacific Crest reiterated an “equal weight” rating on shares of Advanced Micro Devices in a research note on Tuesday, June 20th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, August 15th. Finally, Wells Fargo & Company reiterated an “outperform” rating on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Five 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 given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $13.98.

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.

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

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