Capital Growth Management LP acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,350,000 shares of the semiconductor manufacturer’s stock, valued at approximately $16,848,000. Capital Growth Management LP owned about 0.14% of Advanced Micro Devices at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. UBS Asset Management Americas Inc. increased its position in shares of Advanced Micro Devices by 18.5% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,364,924 shares of the semiconductor manufacturer’s stock worth $29,514,000 after purchasing an additional 369,026 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $36,189,000. Rafferty Asset Management LLC increased its position in shares of Advanced Micro Devices by 23.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 446,255 shares of the semiconductor manufacturer’s stock worth $5,569,000 after purchasing an additional 85,151 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Advanced Micro Devices by 131.1% during the 2nd quarter. New York State Common Retirement Fund now owns 1,910,281 shares of the semiconductor manufacturer’s stock worth $23,840,000 after purchasing an additional 1,083,600 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of Advanced Micro Devices by 741.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 429,650 shares of the semiconductor manufacturer’s stock worth $5,362,000 after purchasing an additional 378,590 shares during the last quarter. 59.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Advanced Micro Devices, Inc. (AMD) traded up 0.8800% during midday trading on Tuesday, reaching $13.1951. The company’s stock had a trading volume of 36,542,019 shares. Advanced Micro Devices, Inc. has a 1-year low of $6.12 and a 1-year high of $15.65. The firm’s market capitalization is $12.49 billion. The company’s 50-day moving average price is $12.70 and its 200 day moving average price is $12.78. Advanced Micro Devices also was the target of unusually large options trading on Monday. Investors purchased 40,016 put options on the stock. This is an increase of approximately 130% compared to the typical daily volume of 17,387 put options.

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

In related news, CAO Darla M. Smith sold 11,810 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $12.17, for a total value of $143,727.70. Following the sale, the chief accounting officer now owns 31,291 shares of the company’s stock, valued at approximately $380,811.47. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ahmed Yahia sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was 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 directly owns 182,941 shares in the company, valued at approximately $2,348,962.44. The disclosure for this sale can be found here. In the last three months, insiders sold 42,074,793 shares of company stock worth $21,024,000,026,654,800. Company insiders own 1.60% of the company’s stock.

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A number of brokerages recently issued reports on AMD. Goldman Sachs Group, Inc. (The) set a $11.00 price objective on Advanced Micro Devices and gave the stock a “sell” rating in a research report on Wednesday, July 26th. Vetr raised Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price for the company in a research report on Monday, June 26th. Zacks Investment Research downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Northland Securities reaffirmed a “buy” rating and issued a $17.50 target price on shares of Advanced Micro Devices in a research report on Friday, June 23rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, June 23rd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.98.

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)

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