Advanced Micro Devices, Inc. (AMD) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 541.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,427,326 shares of the semiconductor manufacturer’s stock after buying an additional 6,269,500 shares during the period. Renaissance Technologies LLC owned approximately 0.76% of Advanced Micro Devices worth $111,336,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. OppenheimerFunds Inc. boosted its stake in Advanced Micro Devices by 36.1% during the 1st quarter. OppenheimerFunds Inc. now owns 30,042,756 shares of the semiconductor manufacturer’s stock valued at $301,930,000 after purchasing an additional 7,966,623 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Advanced Micro Devices by 1,311.0% in the 1st quarter. Millennium Management LLC now owns 6,700,103 shares of the semiconductor manufacturer’s stock worth $67,336,000 after buying an additional 6,225,267 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 84.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 6,769,440 shares of the semiconductor manufacturer’s stock worth $101,473,000 after buying an additional 3,105,441 shares during the last quarter. Carillon Tower Advisers Inc. boosted its stake in shares of Advanced Micro Devices by 107.7% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 5,432,501 shares of the semiconductor manufacturer’s stock worth $81,432,000 after buying an additional 2,816,360 shares during the last quarter. Finally, Apertura Capital LLC purchased a new position in shares of Advanced Micro Devices in the 1st quarter worth approximately $17,010,000. 65.92% of the stock is owned by institutional investors and hedge funds.
NASDAQ AMD opened at $27.84 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.66 and a debt-to-equity ratio of 1.33. Advanced Micro Devices, Inc. has a 12-month low of $9.04 and a 12-month high of $29.94. The stock has a market cap of $27.79 billion, a price-to-earnings ratio of 348.00, a price-to-earnings-growth ratio of 5.59 and a beta of 3.16.
A number of equities analysts have recently weighed in on AMD shares. Goldman Sachs Group upgraded Advanced Micro Devices from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $13.25 to $21.00 in a research note on Friday, August 10th. Wells Fargo & Co restated a “buy” rating on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Rosenblatt Securities restated a “buy” rating and issued a $30.00 target price (up previously from $27.00) on shares of Advanced Micro Devices in a research note on Thursday, August 23rd. Bank of America boosted their target price on Advanced Micro Devices to $25.00 and gave the stock an “average” rating in a research note on Monday, August 6th. Finally, Barclays downgraded Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and set a $15.00 target price on the stock. in a research note on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.98.
In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $15.27, for a total transaction of $954,375.00. Following the completion of the sale, the senior vice president now directly owns 668,772 shares in the company, valued at $10,212,148.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mubadala Investment Co Pjsc sold 22,000,000 shares of the stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $19.33, for a total transaction of $425,260,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,965,929 shares of company stock valued at $483,438,771. Company insiders own 1.80% of the company’s stock.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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