Jennison Associates LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 96.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,906 shares of the semiconductor manufacturer’s stock after selling 1,642,407 shares during the period. Jennison Associates LLC’s holdings in Advanced Micro Devices were worth $660,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. North Star Asset Management Inc. increased its stake in Advanced Micro Devices by 1.5% in the first quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock valued at $223,000 after buying an additional 233 shares during the period. Pier Capital LLC increased its stake in Advanced Micro Devices by 1.0% in the first quarter. Pier Capital LLC now owns 49,311 shares of the semiconductor manufacturer’s stock valued at $717,000 after buying an additional 474 shares during the period. National Planning Corp increased its stake in Advanced Micro Devices by 4.9% in the second quarter. National Planning Corp now owns 12,890 shares of the semiconductor manufacturer’s stock valued at $157,000 after buying an additional 600 shares during the period. Louisiana State Employees Retirement System increased its stake in Advanced Micro Devices by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 48,100 shares of the semiconductor manufacturer’s stock valued at $600,000 after buying an additional 700 shares during the period. Finally, Concert Wealth Management Inc. increased its stake in Advanced Micro Devices by 4.8% in the first quarter. Concert Wealth Management Inc. now owns 16,560 shares of the semiconductor manufacturer’s stock valued at $188,000 after buying an additional 760 shares during the period. 59.15% of the stock is currently owned by institutional investors.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at 12.67 on Thursday. The company’s market capitalization is $12.00 billion. The firm’s 50-day moving average price is $13.28 and its 200-day moving average price is $12.93. Advanced Micro Devices, Inc. has a one year low of $5.66 and a one year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

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Several equities research analysts recently weighed in on the company. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, June 23rd. Northland Securities reissued a “buy” rating and set a $17.50 price objective on shares of Advanced Micro Devices in a report on Friday, June 23rd. BMO Capital Markets downgraded Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a report on Wednesday, July 26th. Wells Fargo & Company reissued an “outperform” rating and set a $15.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 30th. Finally, Jefferies Group LLC set a $19.00 target price on Advanced Micro Devices and gave the stock a “buy” rating in a report on Wednesday, July 26th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Advanced Micro Devices presently has a consensus rating of “Hold” and a consensus price target of $14.18.

In other news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Devinder Kumar sold 86,875 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $12.08, for a total transaction of $1,049,450.00. Following the completion of the transaction, the chief financial officer now directly owns 775,771 shares in the company, valued at $9,371,313.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,956,790 shares of company stock worth $21,024,000,025,260,100. 1.60% of the stock is owned by company insiders.

About Advanced Micro Devices

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

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