Mason Street Advisors LLC bought a new stake in shares of Advanced Micro Devices Inc. (NASDAQ:AMD) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 293,117 shares of the semiconductor manufacturer’s stock, valued at approximately $1,507,000.

Other institutional investors have also bought and sold shares of the company. Neuberger Berman Group LLC purchased a new stake in Advanced Micro Devices during the second quarter valued at about $116,000. Gilder Gagnon Howe & Co. LLC boosted its stake in Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,800 shares in the last quarter. Courier Capital Corp boosted its stake in Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock valued at $130,000 after buying an additional 200 shares in the last quarter. Calvert Investment Management Inc. purchased a new stake in Advanced Micro Devices during the second quarter valued at about $173,000. Finally, GSA Capital Partners LLP purchased a new stake in Advanced Micro Devices during the second quarter valued at about $179,000. Hedge funds and other institutional investors own 46.63% of the company’s stock.

Advanced Micro Devices Inc. (NASDAQ:AMD) opened at 6.05 on Monday. The firm’s market cap is $4.81 billion. Advanced Micro Devices Inc. has a one year low of $1.65 and a one year high of $8.00. The stock’s 50 day moving average is $6.89 and its 200 day moving average is $4.59.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The business earned $1.03 billion during the quarter, compared to the consensus estimate of $951.89 million. On average, equities research analysts expect that Advanced Micro Devices Inc. will post ($0.20) earnings per share for the current year.

Several equities research analysts have issued reports on AMD shares. Canaccord Genuity reaffirmed a “buy” rating and set a $8.50 price target on shares of Advanced Micro Devices in a research note on Monday, September 12th. Vetr cut shares of Advanced Micro Devices from a “sell” rating to a “strong sell” rating and set a $6.54 target price on the stock. in a research report on Monday, August 22nd. Wells Fargo & Co. reissued an “outperform” rating on shares of Advanced Micro Devices in a research report on Wednesday, September 7th. Bank of America Corp. reissued an “underperform” rating and issued a $5.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 14th. Finally, Jefferies Group reissued a “buy” rating and issued a $5.50 target price (up from $4.50) on shares of Advanced Micro Devices in a research report on Monday, June 13th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $5.35.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

5 Day Chart for NASDAQ:AMD

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.