Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Decreased by Meitav Dash Investments Ltd.

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Meitav Dash Investments Ltd. reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.6% during the second quarter, Holdings Channel reports. The firm owned 30,415 shares of the semiconductor manufacturer’s stock after selling 2,856 shares during the period. Meitav Dash Investments Ltd.’s holdings in Advanced Micro Devices were worth $1,600,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital World Investors boosted its position in shares of Advanced Micro Devices by 69.1% in the 1st quarter. Capital World Investors now owns 47,990,133 shares of the semiconductor manufacturer’s stock valued at $2,182,597,000 after purchasing an additional 19,615,477 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 9.4% in the first quarter. Geode Capital Management LLC now owns 19,489,112 shares of the semiconductor manufacturer’s stock worth $884,798,000 after buying an additional 1,680,707 shares during the period. Nuveen Asset Management LLC increased its position in shares of Advanced Micro Devices by 3.4% in the first quarter. Nuveen Asset Management LLC now owns 10,690,904 shares of the semiconductor manufacturer’s stock worth $486,223,000 after acquiring an additional 347,213 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 19.1% during the second quarter. Fisher Asset Management LLC now owns 8,498,210 shares of the semiconductor manufacturer’s stock valued at $447,091,000 after acquiring an additional 1,365,541 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Advanced Micro Devices by 3.8% during the first quarter. Legal & General Group Plc now owns 6,472,239 shares of the semiconductor manufacturer’s stock valued at $294,658,000 after acquiring an additional 237,710 shares during the period. 69.37% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on AMD. ValuEngine downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Barclays upped their price target on Advanced Micro Devices from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, July 20th. Rosenblatt Securities raised their price objective on Advanced Micro Devices from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. UBS Group lifted their target price on Advanced Micro Devices from $52.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, BMO Capital Markets increased their price target on shares of Advanced Micro Devices from $50.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $69.78.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 75,000 shares of Advanced Micro Devices stock in a transaction on Monday, July 20th. The shares were sold at an average price of $55.25, for a total transaction of $4,143,750.00. Following the sale, the senior vice president now owns 752,100 shares in the company, valued at $41,553,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 43,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $82.35, for a total transaction of $3,541,050.00. Following the completion of the sale, the executive vice president now directly owns 1,400,999 shares in the company, valued at approximately $115,372,267.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 649,635 shares of company stock valued at $44,023,536. Corporate insiders own 1.50% of the company’s stock.

Shares of NASDAQ:AMD traded up $1.61 during midday trading on Thursday, hitting $82.70. The company’s stock had a trading volume of 1,356,029 shares, compared to its average volume of 85,899,688. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.56 and a current ratio of 2.10. The stock’s 50 day simple moving average is $67.54 and its 200 day simple moving average is $54.97. The stock has a market capitalization of $95.87 billion, a price-to-earnings ratio of 155.74, a PEG ratio of 1.95 and a beta of 2.29. Advanced Micro Devices, Inc. has a fifty-two week low of $27.43 and a fifty-two week high of $87.29.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Advanced Micro Devices had a return on equity of 28.66% and a net margin of 7.96%. Advanced Micro Devices’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 0.91 EPS for the current year.

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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