Ieq Capital LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.8% during the first quarter, HoldingsChannel.com reports. The firm owned 10,806 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,078 shares during the quarter. Ieq Capital LLC’s holdings in Advanced Micro Devices were worth $492,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its position in shares of Advanced Micro Devices by 35.0% during the 4th quarter. AE Wealth Management LLC now owns 26,254 shares of the semiconductor manufacturer’s stock worth $1,204,000 after buying an additional 6,803 shares in the last quarter. IFP Advisors Inc grew its position in shares of Advanced Micro Devices by 318.6% during the 4th quarter. IFP Advisors Inc now owns 45,709 shares of the semiconductor manufacturer’s stock worth $2,108,000 after buying an additional 34,790 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Advanced Micro Devices by 1.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 52,900 shares of the semiconductor manufacturer’s stock worth $2,426,000 after buying an additional 700 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Advanced Micro Devices by 5.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 253,700 shares of the semiconductor manufacturer’s stock worth $11,635,000 after buying an additional 13,550 shares in the last quarter. Finally, First National Bank of Omaha bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $216,000. Institutional investors and hedge funds own 68.92% of the company’s stock.

AMD stock traded down $0.31 during trading on Friday, hitting $54.20. 66,950,863 shares of the company traded hands, compared to its average volume of 74,423,617. The stock’s 50-day simple moving average is $51.12 and its 200 day simple moving average is $46.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.21 and a quick ratio of 1.68. The company has a market cap of $62.73 billion, a PE ratio of 126.05, a P/E/G ratio of 2.66 and a beta of 2.18. Advanced Micro Devices, Inc. has a 1 year low of $26.03 and a 1 year high of $59.27.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Advanced Micro Devices had a return on equity of 28.28% and a net margin of 6.72%. Advanced Micro Devices’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 0.83 earnings per share for the current year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $55.43, for a total value of $8,314,500.00. Following the sale, the chief executive officer now directly owns 2,753,670 shares of the company’s stock, valued at $152,635,928.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul Darren Grasby sold 17,922 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $54.90, for a total value of $983,917.80. Following the completion of the sale, the senior vice president now directly owns 61,098 shares in the company, valued at $3,354,280.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 285,922 shares of company stock valued at $15,893,038. 1.20% of the stock is owned by company insiders.

A number of equities analysts have recently issued reports on AMD shares. Wells Fargo & Co increased their price target on Advanced Micro Devices from $50.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. ValuEngine downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Summit Redstone raised Advanced Micro Devices to a “buy” rating in a research report on Wednesday, January 29th. BidaskClub raised Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 25th. Finally, Susquehanna Bancshares raised their price objective on Advanced Micro Devices from $45.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $52.00.

Advanced Micro Devices Company Profile

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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