American Century Companies Inc. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,134,985 shares of the semiconductor manufacturer’s stock, valued at approximately $17,013,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Coldstream Capital Management Inc. grew its holdings in Advanced Micro Devices by 22.1% during the first quarter. Coldstream Capital Management Inc. now owns 22,570 shares of the semiconductor manufacturer’s stock valued at $227,000 after purchasing an additional 4,085 shares during the period. Cornerstone Wealth Management LLC bought a new position in Advanced Micro Devices during the second quarter valued at $275,000. Thompson Davis & CO. Inc. boosted its holdings in shares of Advanced Micro Devices by 59.3% in the second quarter. Thompson Davis & CO. Inc. now owns 11,750 shares of the semiconductor manufacturer’s stock worth $176,000 after acquiring an additional 4,375 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Advanced Micro Devices by 5.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 86,250 shares of the semiconductor manufacturer’s stock worth $866,000 after acquiring an additional 4,400 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of Advanced Micro Devices by 33.7% in the first quarter. Private Advisor Group LLC now owns 18,011 shares of the semiconductor manufacturer’s stock worth $181,000 after acquiring an additional 4,538 shares during the period. 65.92% of the stock is owned by institutional investors and hedge funds.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $15.27, for a total transaction of $954,375.00. Following the sale, the senior vice president now owns 668,772 shares in the company, valued at $10,212,148.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mubadala Investment Co Pjsc sold 22,000,000 shares of the firm’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $19.33, for a total value of $425,260,000.00. The disclosure for this sale can be found here. Insiders have sold 24,842,054 shares of company stock worth $477,572,698 in the last 90 days. Company insiders own 1.80% of the company’s stock.

Shares of AMD stock opened at $24.89 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.26 and a debt-to-equity ratio of 1.33. Advanced Micro Devices, Inc. has a 52-week low of $9.04 and a 52-week high of $27.30. The firm has a market capitalization of $24.63 billion, a P/E ratio of 311.13, a price-to-earnings-growth ratio of 8.95 and a beta of 3.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Advanced Micro Devices had a return on equity of 52.84% and a net margin of 5.04%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $0.02 earnings per share. The firm’s revenue was up 52.6% compared to the same quarter last year. analysts predict that Advanced Micro Devices, Inc. will post 0.36 EPS for the current year.

A number of equities analysts have recently commented on AMD shares. BidaskClub raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Cowen raised their price target on Advanced Micro Devices from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, June 15th. Barclays lowered Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and set a $15.00 price target for the company. in a report on Monday, August 6th. Bank of America raised their price target on Advanced Micro Devices from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, June 25th. Finally, MKM Partners raised their price target on Advanced Micro Devices from $13.50 to $20.00 and gave the stock a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.31.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; 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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