Northwestern Mutual Wealth Management Co. boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 408.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,730 shares of the semiconductor manufacturer’s stock after purchasing an additional 15,044 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Advanced Micro Devices were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $100,000. Bluestein R H & Co. acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $146,000. Harbor Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $146,000. K.J. Harrison & Partners Inc acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $125,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $148,000. Hedge funds and other institutional investors own 59.11% of the company’s stock.

AMD has been the subject of a number of research reports. Citigroup Inc. reissued a “sell” rating on shares of Advanced Micro Devices in a research note on Monday, May 22nd. Argus lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Wells Fargo & Company reissued an “outperform” rating and set a $15.00 target price on shares of Advanced Micro Devices in a research note on Thursday, June 1st. Susquehanna Bancshares Inc reissued a “hold” rating and set a $12.00 target price on shares of Advanced Micro Devices in a research note on Thursday, June 1st. Finally, ValuEngine raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.98.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/19/advanced-micro-devices-inc-amd-shares-bought-by-northwestern-mutual-wealth-management-co.html.

Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 13.08 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $6.12 and a 12-month high of $15.65. The stock’s 50 day moving average is $12.70 and its 200 day moving average is $12.78. The company’s market cap is $12.38 billion.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. Advanced Micro Devices’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

In related news, CEO Lisa T. Su sold 325,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total transaction of $4,049,500.00. Following the transaction, the chief executive officer now directly owns 2,037,139 shares of the company’s stock, valued at $25,382,751.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the firm’s stock in a transaction dated 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. Over the last ninety days, insiders have sold 42,074,793 shares of company stock worth $21,024,000,026,654,800. 1.60% of the stock is owned by insiders.

Advanced Micro Devices 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.

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

Receive News & Stock Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related stocks with our FREE daily email newsletter.