Trexquant Investment LP acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,539 shares of the semiconductor manufacturer’s stock, valued at approximately $706,000.

A number of other large investors also recently bought and sold shares of AMD. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Advanced Micro Devices during the first quarter worth about $23,193,000. Norinchukin Bank The bought a new position in shares of Advanced Micro Devices during the first quarter worth approximately $729,000. Intellectus Partners LLC bought a new position in shares of Advanced Micro Devices during the first quarter worth approximately $116,000. Insight Capital Research & Management Inc. raised its position in shares of Advanced Micro Devices by 418.5% in the first quarter. Insight Capital Research & Management Inc. now owns 261,697 shares of the semiconductor manufacturer’s stock worth $3,808,000 after buying an additional 211,223 shares during the period. Finally, Thompson Davis & CO. Inc. raised its position in shares of Advanced Micro Devices by 28.9% in the first quarter. Thompson Davis & CO. Inc. now owns 29,325 shares of the semiconductor manufacturer’s stock worth $427,000 after buying an additional 6,575 shares during the period. 57.42% of the stock is currently owned by institutional investors and hedge funds.

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

Advanced Micro Devices, Inc. (NASDAQ AMD) traded down 0.52% during midday trading on Friday, reaching $11.44. 59,779,528 shares of the company were exchanged. The company has a 50-day moving average of $11.37 and a 200 day moving average of $12.06. The firm’s market capitalization is $10.81 billion. Advanced Micro Devices, Inc. has a 52 week low of $4.65 and a 52 week high of $15.55.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $984 million during the quarter, compared to analyst estimates of $984.40 million. Advanced Micro Devices had a negative net margin of 10.42% and a negative return on equity of 76.29%. Advanced Micro Devices’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post $0.07 earnings per share for the current year.

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Several analysts recently issued reports on the stock. Jefferies Group LLC increased their price target on shares of Advanced Micro Devices to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Canaccord Genuity increased their price objective on shares of Advanced Micro Devices to $17.00 and gave the company a “buy” rating in a research note on Thursday, March 9th. Rosenblatt Securities reissued a “buy” rating and issued a $16.50 price objective on shares of Advanced Micro Devices in a research note on Sunday, March 5th. Bank of America Corporation reissued a “buy” rating and issued a $16.50 price objective on shares of Advanced Micro Devices in a research note on Friday, March 3rd. Finally, Vetr downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $15.52 price target for the company. in a research note on Tuesday, February 21st. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.53.

In related news, insider Darla M. Smith sold 9,620 shares of Advanced Micro Devices stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $10.98, for a total value of $105,627.60. Following the completion of the sale, the insider now directly owns 19,808 shares in the company, valued at $217,491.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Forrest Eugene Norrod sold 62,500 shares of Advanced Micro Devices stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $13.21, for a total value of $825,625.00. Following the completion of the sale, the senior vice president now owns 646,061 shares of the company’s stock, valued at $8,534,465.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 478,356 shares of company stock valued at $5,416,955. Corporate insiders own 1.60% of the company’s stock.

Advanced Micro Devices Company 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.

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