KCL Capital L.P. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3,144.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 650,000 shares of the semiconductor manufacturer’s stock after acquiring an additional 629,966 shares during the period. Advanced Micro Devices makes up about 4.5% of KCL Capital L.P.’s investment portfolio, making the stock its 8th largest position. KCL Capital L.P.’s holdings in Advanced Micro Devices were worth $16,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of AMD. Norges Bank purchased a new position in Advanced Micro Devices during the fourth quarter worth about $252,424,000. Artisan Partners Limited Partnership grew its position in Advanced Micro Devices by 66.9% during the first quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock worth $381,305,000 after buying an additional 5,991,132 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in Advanced Micro Devices by 131.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,837,267 shares of the semiconductor manufacturer’s stock worth $107,757,000 after buying an additional 3,311,157 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in Advanced Micro Devices by 613.2% during the first quarter. Frontier Capital Management Co. LLC now owns 2,658,453 shares of the semiconductor manufacturer’s stock worth $67,844,000 after buying an additional 2,285,726 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Advanced Micro Devices by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after buying an additional 1,651,507 shares in the last quarter. Institutional investors and hedge funds own 60.85% of the company’s stock.

A number of research firms have recently issued reports on AMD. Wells Fargo & Co upped their price objective on Advanced Micro Devices from $30.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Zacks Investment Research cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Craig Hallum reiterated a “buy” rating and issued a $33.00 price objective (up from $27.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. MKM Partners upped their price objective on Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Barclays upped their price objective on Advanced Micro Devices from $21.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Advanced Micro Devices has an average rating of “Buy” and an average target price of $29.13.

Shares of NASDAQ AMD traded down $1.03 during midday trading on Friday, reaching $30.36. The company had a trading volume of 70,172,451 shares, compared to its average volume of 78,138,552. Advanced Micro Devices, Inc. has a one year low of $14.54 and a one year high of $34.30. The company has a current ratio of 2.08, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57. The firm has a market cap of $32.84 billion, a PE ratio of 86.74, a price-to-earnings-growth ratio of 1.85 and a beta of 3.19.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $0.11 EPS. Advanced Micro Devices’s revenue for the quarter was down 22.8% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 0.53 earnings per share for the current fiscal year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 164,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $33.66, for a total transaction of $5,520,240.00. Following the completion of the transaction, the chief executive officer now owns 2,375,264 shares of the company’s stock, valued at approximately $79,951,386.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $26.75, for a total value of $6,687,500.00. Following the transaction, the chief executive officer now directly owns 2,511,264 shares of the company’s stock, valued at approximately $67,176,312. The disclosure for this sale can be found here. In the last three months, insiders sold 1,009,066 shares of company stock valued at $29,689,636. 1.50% of the stock is currently owned by corporate insiders.

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About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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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