Systematic Financial Management LP acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 81,433 shares of the semiconductor manufacturer’s stock, valued at approximately $1,016,000.

A number of other institutional investors also recently bought and sold shares of AMD. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 21.9% in the 1st quarter. Vanguard Group Inc. now owns 87,294,800 shares of the semiconductor manufacturer’s stock worth $1,270,140,000 after buying an additional 15,661,774 shares during the last quarter. Wellington Management Group LLP boosted its stake in Advanced Micro Devices by 5,764.6% in the 1st quarter. Wellington Management Group LLP now owns 14,181,305 shares of the semiconductor manufacturer’s stock worth $206,339,000 after buying an additional 13,939,494 shares during the last quarter. Geode Capital Management LLC boosted its stake in Advanced Micro Devices by 31.7% in the 1st quarter. Geode Capital Management LLC now owns 9,210,323 shares of the semiconductor manufacturer’s stock worth $133,854,000 after buying an additional 2,215,111 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Advanced Micro Devices by 39.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 5,151,851 shares of the semiconductor manufacturer’s stock worth $74,960,000 after buying an additional 1,455,622 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Advanced Micro Devices in the 1st quarter worth about $63,654,000. Hedge funds and other institutional investors own 59.11% of the company’s stock.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at 13.12 on Wednesday. Advanced Micro Devices, Inc. has a one year low of $6.14 and a one year high of $15.65. The company’s market capitalization is $12.42 billion. The stock has a 50 day moving average price of $12.68 and a 200-day moving average price of $12.78. Advanced Micro Devices also was the recipient of some unusual options trading on Monday. Traders bought 40,016 put options on the stock. This is an increase of approximately 130% compared to the average daily volume of 17,387 put options.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.

In other Advanced Micro Devices news, CFO Devinder Kumar sold 86,875 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $12.08, for a total value of $1,049,450.00. Following the completion of the transaction, the chief financial officer now owns 775,771 shares of the company’s stock, valued at approximately $9,371,313.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 325,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total value of $4,049,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,037,139 shares of the company’s stock, valued at approximately $25,382,751.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,074,793 shares of company stock valued at $21,024,000,026,654,800. Insiders own 1.60% of the company’s stock.

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AMD has been the topic of a number of research analyst reports. BMO Capital Markets reissued a “buy” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a research note on Monday, June 12th. Canaccord Genuity reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Saturday, June 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $16.00 price target on shares of Advanced Micro Devices in a research note on Friday, June 2nd. Vetr lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $15.64 price target on the stock. in a research note on Wednesday, June 21st. Finally, Craig Hallum raised their price target on Advanced Micro Devices from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, June 22nd. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.98.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, 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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