US Bancorp DE continued to hold its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,001 shares of the semiconductor manufacturer’s stock at the end of the second quarter. US Bancorp DE’s holdings in Advanced Micro Devices were worth $137,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AMD. Nisa Investment Advisors LLC raised its stake in shares of Advanced Micro Devices by 39.5% in the first quarter. Nisa Investment Advisors LLC now owns 11,300 shares of the semiconductor manufacturer’s stock worth $164,000 after buying an additional 3,200 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $286,000. Janney Montgomery Scott LLC raised its stake in shares of Advanced Micro Devices by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 143,912 shares of the semiconductor manufacturer’s stock worth $2,094,000 after buying an additional 68,565 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Advanced Micro Devices during the first quarter worth $218,000. Finally, Strs Ohio raised its stake in shares of Advanced Micro Devices by 8.8% in the first quarter. Strs Ohio now owns 191,719 shares of the semiconductor manufacturer’s stock worth $2,789,000 after buying an additional 15,519 shares in the last quarter. 59.15% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices, Inc. (AMD) traded down 1.676% during midday trading on Tuesday, reaching $12.025. 17,335,851 shares of the company traded hands. The firm’s market capitalization is $11.39 billion. Advanced Micro Devices, Inc. has a 12 month low of $5.66 and a 12 month high of $15.65. The firm’s 50 day moving average price is $13.28 and its 200 day moving average price is $12.93.

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

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A number of brokerages have weighed in on AMD. Bank of America Corporation reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Advanced Micro Devices in a report on Thursday, August 24th. Rosenblatt Securities reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. Wells Fargo & Company reissued an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. Canaccord Genuity reissued a “buy” rating and set a $20.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, August 15th. Finally, Barclays PLC reissued an “underweight” rating and set a $9.00 price target on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Five research 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 company presently has an average rating of “Hold” and an average price target of $14.18.

In related news, CEO Lisa T. Su sold 366,405 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $13.18, for a total value of $4,829,217.90. Following the completion of the transaction, the chief executive officer now owns 2,229,550 shares in the company, valued at approximately $29,385,469. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $525,600,000.00, for a total transaction of $21,024,000,000,000,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,956,790 shares of company stock worth $21,024,000,025,260,100. 1.60% of the stock is currently owned by corporate insiders.

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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