Exane Derivatives boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 196.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,450 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,612 shares during the quarter. Exane Derivatives’ holdings in Advanced Micro Devices were worth $158,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. NuWave Investment Management LLC increased its stake in Advanced Micro Devices by 75.8% in the 3rd quarter. NuWave Investment Management LLC now owns 25,674 shares of the semiconductor manufacturer’s stock worth $739,000 after acquiring an additional 11,068 shares during the last quarter. Nwam LLC increased its stake in Advanced Micro Devices by 10.1% in the 3rd quarter. Nwam LLC now owns 9,629 shares of the semiconductor manufacturer’s stock worth $279,000 after acquiring an additional 880 shares during the last quarter. Varma Mutual Pension Insurance Co bought a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $11,596,000. Pacer Advisors Inc. increased its stake in Advanced Micro Devices by 31.2% in the 3rd quarter. Pacer Advisors Inc. now owns 191,012 shares of the semiconductor manufacturer’s stock worth $5,537,000 after acquiring an additional 45,437 shares during the last quarter. Finally, We Are One Seven LLC bought a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $269,000. 62.45% of the stock is currently owned by institutional investors.
In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 50,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $34.12, for a total transaction of $1,706,000.00. Following the sale, the senior vice president now owns 809,171 shares in the company, valued at approximately $27,608,914.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark E. Wallace sold 12,559 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $13.42, for a total value of $168,541.78. Insiders have sold a total of 1,686,908 shares of company stock worth $54,473,503 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
AMD opened at $30.81 on Thursday. The firm has a market cap of $33.14 billion, a price-to-earnings ratio of 88.03, a PEG ratio of 2.67 and a beta of 2.99. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54. Advanced Micro Devices, Inc. has a 12 month low of $16.03 and a 12 month high of $35.55. The stock has a fifty day moving average price of $30.02 and a 200-day moving average price of $29.85.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company posted $0.14 EPS. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 0.48 EPS for the current year.
AMD has been the subject of a number of recent research reports. Jefferies Financial Group lifted their target price on Advanced Micro Devices from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Nomura set a $37.00 target price on Advanced Micro Devices and gave the stock a “buy” rating in a report on Friday, August 23rd. Wedbush cut Advanced Micro Devices from an “equal weight” rating to a “hold” rating in a report on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $44.00 target price (up previously from $43.00) on shares of Advanced Micro Devices in a report on Sunday, August 11th. Finally, JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $25.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.04.
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.
Featured Article: Most Volatile Stocks – What Investors Need to Know to Maximize ROI
Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD).
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.