World Asset Management Inc boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,906 shares of the semiconductor manufacturer’s stock after buying an additional 2,014 shares during the period. World Asset Management Inc’s holdings in Advanced Micro Devices were worth $1,789,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in AMD. Swedbank bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $152,865,000. DNB Asset Management AS boosted its position in shares of Advanced Micro Devices by 16.7% during the 3rd quarter. DNB Asset Management AS now owns 119,073 shares of the semiconductor manufacturer’s stock valued at $3,678,000 after purchasing an additional 17,013 shares in the last quarter. Atria Investments LLC boosted its position in shares of Advanced Micro Devices by 101.6% during the 3rd quarter. Atria Investments LLC now owns 23,451 shares of the semiconductor manufacturer’s stock valued at $724,000 after purchasing an additional 11,820 shares in the last quarter. Visionary Asset Management Inc. bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $220,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $884,000. Hedge funds and other institutional investors own 65.96% of the company’s stock.
AMD stock opened at $26.34 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 one year low of $9.04 and a one year high of $34.14. The stock has a market cap of $30.11 billion, a price-to-earnings ratio of 316.25, a PEG ratio of 6.00 and a beta of 3.10.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Advanced Micro Devices had a net margin of 5.04% and a return on equity of 52.84%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 52.6% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 0.37 EPS for the current year.
AMD has been the subject of several research reports. Morgan Stanley restated an “underweight” rating and set a $28.00 price objective (up previously from $11.00) on shares of Advanced Micro Devices in a research report on Wednesday, September 19th. Cowen raised their price objective on shares of Advanced Micro Devices from $18.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday, June 15th. Barclays lowered shares of Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and set a $15.00 price objective for the company. in a research report on Monday, August 6th. MKM Partners raised their price objective on shares of Advanced Micro Devices from $13.50 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. Finally, KeyCorp initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, September 25th. They set a “sector weight” rating for the company. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.58.
In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $32.51, for a total value of $2,031,875.00. Following the completion of the sale, the senior vice president now directly owns 955,790 shares of the company’s stock, valued at $31,072,732.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mubadala Investment Co Pjsc sold 22,000,000 shares of the stock in a transaction that occurred on 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. Insiders have sold 24,822,900 shares of company stock valued at $486,042,396 over the last ninety days. Insiders own 1.80% of the company’s stock.
About Advanced Micro Devices
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.
Further Reading: NASDAQ
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.