KBC Group NV increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,877 shares of the semiconductor manufacturer’s stock after buying an additional 14,715 shares during the period. KBC Group NV’s holdings in Advanced Micro Devices were worth $1,334,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Advanced Micro Devices during the first quarter worth $100,000. Intellectus Partners LLC acquired a new position in Advanced Micro Devices during the first quarter worth $116,000. Bluestein R H & Co. acquired a new position in Advanced Micro Devices during the first quarter worth $146,000. Harbor Advisors LLC acquired a new position in Advanced Micro Devices during the first quarter worth $146,000. Finally, K.J. Harrison & Partners Inc acquired a new position in Advanced Micro Devices during the second quarter worth $125,000. Institutional investors and hedge funds own 59.15% of the company’s stock.

Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 13.00 on Friday. The firm’s market cap is $12.31 billion. Advanced Micro Devices, Inc. has a one year low of $5.66 and a one year high of $15.65. The stock has a 50 day moving average of $13.13 and a 200 day moving average of $12.90. Advanced Micro Devices also saw some unusual options trading activity on Wednesday. Traders purchased 124,344 call options on the company. This represents an increase of approximately 204% compared to the typical daily volume of 40,889 call options.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The company 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% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

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A number of research firms recently weighed in on AMD. Morgan Stanley restated an “equal weight” rating and set a $6.00 price target on shares of Advanced Micro Devices in a research report on Thursday. Northland Securities restated a “buy” rating and set a $17.50 price target on shares of Advanced Micro Devices in a research report on Friday, June 23rd. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, June 23rd. BMO Capital Markets lowered shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Wednesday, July 26th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $15.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 30th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.98.

In related news, Director Ahmed Yahia sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $12.84, for a total value of $1,027,200.00. Following the completion of the sale, the director now owns 182,941 shares in the company, valued at $2,348,962.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of Advanced Micro Devices stock in a transaction on Friday, August 4th. The stock was sold at an average price of $525,600,000.00, for a total transaction of $21,024,000,000,000,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,956,790 shares of company stock valued at $21,024,000,025,260,100. 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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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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