FDx Advisors Inc. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 34.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,056 shares of the semiconductor manufacturer’s stock after selling 5,185 shares during the quarter. FDx Advisors Inc.’s holdings in Advanced Micro Devices were worth $311,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of AMD. Renaissance Technologies LLC increased its holdings in Advanced Micro Devices by 541.5% in the 2nd quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock worth $111,336,000 after buying an additional 6,269,500 shares during the period. Swedbank acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $152,865,000. First Trust Advisors LP grew its stake in shares of Advanced Micro Devices by 1,047.7% during the 3rd quarter. First Trust Advisors LP now owns 3,967,231 shares of the semiconductor manufacturer’s stock worth $122,548,000 after purchasing an additional 3,621,560 shares during the period. American Century Companies Inc. grew its stake in shares of Advanced Micro Devices by 275.0% during the 3rd quarter. American Century Companies Inc. now owns 4,256,231 shares of the semiconductor manufacturer’s stock worth $131,475,000 after purchasing an additional 3,121,246 shares during the period. Finally, Eagle Asset Management Inc. grew its stake in shares of Advanced Micro Devices by 84.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 6,769,440 shares of the semiconductor manufacturer’s stock worth $101,473,000 after purchasing an additional 3,105,441 shares during the period. Institutional investors own 59.01% of the company’s stock.
Advanced Micro Devices stock opened at $21.30 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $9.04 and a 1 year high of $34.14. The firm has a market capitalization of $21.11 billion, a P/E ratio of 266.25, a P/E/G ratio of 4.34 and a beta of 3.68. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.76.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 0.35 EPS for the current year.
A number of equities research analysts have recently commented on AMD shares. Goldman Sachs Group raised shares of Advanced Micro Devices from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $13.25 to $21.00 in a research note on Friday, August 10th. BidaskClub raised shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price objective (up previously from $27.00) on shares of Advanced Micro Devices in a research note on Thursday, August 23rd. MKM Partners raised their price objective on shares of Advanced Micro Devices from $13.50 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, August 29th. Finally, Cowen raised their price objective on shares of Advanced Micro Devices from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.65.
In other Advanced Micro Devices news, insider Mark D. Papermaster sold 50,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $32.51, for a total value of $1,625,500.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Devinder Kumar sold 41,213 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $21.25, for a total value of $875,776.25. The disclosure for this sale can be found here. Insiders sold a total of 579,890 shares of company stock worth $13,918,336 in the last three months. 1.80% of the stock is owned by corporate insiders.
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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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