Quantitative Investment Management LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,899,800 shares of the semiconductor manufacturer’s stock, valued at approximately $36,189,000. Quantitative Investment Management LLC owned 0.31% of Advanced Micro Devices at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 21.9% during the 1st quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock worth $1,270,140,000 after acquiring an additional 15,661,774 shares during the last quarter. Baillie Gifford & Co. bought a new position in Advanced Micro Devices during the 2nd quarter worth approximately $184,767,000. Wellington Management Group LLP boosted its stake in Advanced Micro Devices by 5,764.6% during the 1st quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after acquiring an additional 13,939,494 shares during the last quarter. Geode Capital Management LLC boosted its stake in Advanced Micro Devices by 31.7% during the 1st quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock worth $133,854,000 after acquiring an additional 2,215,111 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Advanced Micro Devices by 39.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,151,851 shares of the semiconductor manufacturer’s stock worth $74,960,000 after acquiring an additional 1,455,622 shares during the last quarter. Institutional investors own 59.11% of the company’s stock.

AMD has been the topic of several recent analyst reports. Summit Redstone reissued a “hold” rating on shares of Advanced Micro Devices in a research note on Saturday, July 22nd. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. MKM Partners reaffirmed a “neutral” rating and issued a $13.00 price target on shares of Advanced Micro Devices in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $10.60 price target on shares of Advanced Micro Devices in a research note on Monday, June 12th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $13.98.

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Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 0.69% during trading on Tuesday, hitting $13.17. The company had a trading volume of 34,448,636 shares. Advanced Micro Devices, Inc. has a 1-year low of $6.12 and a 1-year high of $15.65. The company’s 50 day moving average is $12.70 and its 200 day moving average is $12.78. The firm’s market capitalization is $12.47 billion. Advanced Micro Devices also was the recipient of some unusual options trading on Monday. Traders purchased 40,016 put options on the stock. This is an increase of 130% compared to the typical daily volume of 17,387 put options.

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, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm earned ($0.05) earnings per share. The business’s revenue was up 19.0% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.

In related news, Director Ahmed Yahia sold 80,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 182,941 shares of the company’s stock, valued at $2,348,962.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Darla M. Smith sold 11,810 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 31,291 shares in the company, valued at $380,811.47. The disclosure for this sale can be found here. Over the last ninety days, insiders 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)

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