Alliancebernstein L.P. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 132.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,357,536 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,051,938 shares during the period. Alliancebernstein L.P. owned 0.54% of Advanced Micro Devices worth $165,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Xact Kapitalforvaltning AB raised its holdings in Advanced Micro Devices by 12.9% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 162,338 shares of the semiconductor manufacturer’s stock worth $2,433,000 after purchasing an additional 18,536 shares in the last quarter. Atria Investments LLC bought a new position in Advanced Micro Devices in the 2nd quarter worth $174,000. Municipal Employees Retirement System of Michigan raised its holdings in Advanced Micro Devices by 36.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 28,270 shares of the semiconductor manufacturer’s stock worth $423,000 after purchasing an additional 7,480 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Advanced Micro Devices in the 2nd quarter worth $275,000. Finally, Janney Montgomery Scott LLC raised its holdings in Advanced Micro Devices by 14.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 77,617 shares of the semiconductor manufacturer’s stock worth $1,163,000 after purchasing an additional 9,680 shares in the last quarter. 64.24% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on AMD shares. Wells Fargo & Co reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Mizuho restated a “buy” rating and set a $20.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, July 26th. BMO Capital Markets restated a “hold” rating and set a $14.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Stifel Nicolaus restated a “buy” rating on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Finally, Cowen restated an “outperform” rating and set a $25.00 price objective (up from $21.00) on shares of Advanced Micro Devices in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Hold” and an average price target of $23.65.

Shares of NASDAQ AMD opened at $19.11 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04. The stock has a market cap of $20.65 billion, a PE ratio of 238.88, a P/E/G ratio of 4.25 and a beta of 3.64. Advanced Micro Devices, Inc. has a 52-week low of $9.04 and a 52-week high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 0.35 earnings per share for the current fiscal year.

In other Advanced Micro Devices news, SVP Harry A. Wolin sold 391,046 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $24.75, for a total transaction of $9,678,388.50. Following the transaction, the senior vice president now owns 1,517,922 shares of the company’s stock, valued at $37,568,569.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark D. Papermaster sold 50,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $32.51, for a total transaction of $1,625,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,312,552 shares of company stock worth $32,163,632. 1.80% of the stock is currently owned by insiders.

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

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