American Century Companies Inc. increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 275.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,256,231 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,121,246 shares during the period. American Century Companies Inc. owned approximately 0.44% of Advanced Micro Devices worth $131,475,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in AMD. World Asset Management Inc boosted its position in Advanced Micro Devices by 3.6% during the 3rd quarter. World Asset Management Inc now owns 57,906 shares of the semiconductor manufacturer’s stock valued at $1,789,000 after buying an additional 2,014 shares during the period. MinichMacGregor Wealth Management LLC boosted its position in Advanced Micro Devices by 257.7% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $101,000 after buying an additional 2,319 shares during the period. Securian Asset Management Inc boosted its position in Advanced Micro Devices by 4.4% during the 3rd quarter. Securian Asset Management Inc now owns 87,280 shares of the semiconductor manufacturer’s stock valued at $2,696,000 after buying an additional 3,665 shares during the period. First Allied Advisory Services Inc. boosted its position in Advanced Micro Devices by 17.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 27,985 shares of the semiconductor manufacturer’s stock valued at $415,000 after buying an additional 4,126 shares during the period. Finally, Cornerstone Wealth Management LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at $275,000. 66.62% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on AMD shares. Bank of America increased their price target on shares of Advanced Micro Devices to $25.00 and gave the company an “average” rating in a research report on Monday, August 6th. TheStreet upgraded shares of Advanced Micro Devices from a “c” rating to a “b-” rating in a report on Wednesday, July 25th. Stifel Nicolaus restated a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, July 26th. Mizuho restated a “buy” rating and issued a $20.00 price objective on shares of Advanced Micro Devices in a report on Thursday, July 26th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.65.
Shares of Advanced Micro Devices stock opened at $21.03 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.76 and a quick ratio of 1.37. The stock has a market capitalization of $20.67 billion, a P/E ratio of 262.88, a price-to-earnings-growth ratio of 4.25 and a beta of 3.64. Advanced Micro Devices, Inc. has a 1 year low of $9.04 and a 1 year high of $34.14.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. Advanced Micro Devices’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 0.35 earnings per share for the current fiscal year.
In other Advanced Micro Devices news, SVP Harry A. Wolin sold 133,420 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $19.51, for a total transaction of $2,603,024.20. Following the completion of the sale, the senior vice president now directly owns 1,455,655 shares in the company, valued at approximately $28,399,829.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Devinder Kumar sold 258,622 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $19.51, for a total transaction of $5,045,715.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,569,209 shares of company stock valued at $56,688,849. 1.80% of the stock is owned by company insiders.
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About Advanced Micro Devices
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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