Parametric Portfolio Associates LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 81.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,778,928 shares of the semiconductor manufacturer’s stock after purchasing an additional 796,942 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.19% of Advanced Micro Devices worth $22,201,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in shares of Advanced Micro Devices during the 1st quarter worth approximately $100,000. Bluestein R H & Co. bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at approximately $146,000. Harbor Advisors LLC bought a new position in shares of Advanced Micro Devices during the 1st quarter valued at approximately $146,000. K.J. Harrison & Partners Inc bought a new position in shares of Advanced Micro Devices during the 2nd quarter valued at approximately $125,000. Finally, Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Advanced Micro Devices in the first quarter valued at $148,000. Institutional investors and hedge funds own 59.12% of the company’s stock.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total value of $963,750.00. Following the completion of the transaction, the senior vice president now directly owns 600,301 shares of the company’s stock, valued at approximately $9,256,641.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Darla M. Smith sold 8,172 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $12.85, for a total transaction of $105,010.20. Following the completion of the transaction, the insider now directly owns 34,934 shares of the company’s stock, valued at $448,901.90. The disclosure for this sale can be found here. Insiders sold 42,074,793 shares of company stock valued at $21,024,000,026,636,200 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

Several equities research analysts recently weighed in on AMD shares. Bank of America Corporation restated a “buy” rating and issued a $18.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 16th. Barclays PLC reaffirmed an “underweight” rating and set a $9.00 price target on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Pacific Crest reiterated an “equal weight” rating on shares of Advanced Micro Devices in a research report on Tuesday, June 20th. Canaccord Genuity reiterated a “buy” rating and set a $20.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, August 15th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Advanced Micro Devices currently has an average rating of “Hold” and an average price target of $13.89.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 13.42 on Wednesday. The company has a 50-day moving average of $12.68 and a 200 day moving average of $12.74. The firm’s market cap is $12.71 billion. Advanced Micro Devices, Inc. has a one year low of $6.22 and a one year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. Advanced Micro Devices’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) EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.

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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.

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

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