Columbus Circle Investors grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 30.3% during the 1st quarter, Holdings Channel reports. The fund owned 998,068 shares of the semiconductor manufacturer’s stock after purchasing an additional 231,946 shares during the period. Columbus Circle Investors’ holdings in Advanced Micro Devices were worth $25,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the company. Perkins Capital Management Inc. boosted its holdings in Advanced Micro Devices by 7.0% during the first quarter. Perkins Capital Management Inc. now owns 15,250 shares of the semiconductor manufacturer’s stock worth $389,000 after buying an additional 1,000 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its holdings in Advanced Micro Devices by 89.2% during the first quarter. Winslow Evans & Crocker Inc. now owns 2,490 shares of the semiconductor manufacturer’s stock worth $64,000 after buying an additional 1,174 shares in the last quarter. Cambridge Trust Co. purchased a new stake in Advanced Micro Devices during the first quarter worth $2,115,000. Barometer Capital Management Inc. purchased a new stake in Advanced Micro Devices during the first quarter worth $3,139,000. Finally, Gulf International Bank UK Ltd boosted its holdings in Advanced Micro Devices by 3.1% during the first quarter. Gulf International Bank UK Ltd now owns 213,646 shares of the semiconductor manufacturer’s stock worth $5,452,000 after buying an additional 6,425 shares in the last quarter. 58.84% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $27.49, for a total value of $824,700.00. Following the completion of the sale, the executive vice president now directly owns 1,329,588 shares in the company, valued at $36,550,374.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Forrest Eugene Norrod sold 50,000 shares of the stock in a transaction dated Monday, January 28th. The shares were sold at an average price of $20.29, for a total transaction of $1,014,500.00. Following the completion of the sale, the senior vice president now owns 909,171 shares of the company’s stock, valued at $18,447,079.59. The disclosure for this sale can be found here. Insiders sold 35,453,166 shares of company stock valued at $830,095,189 over the last quarter. Company insiders own 1.50% of the company’s stock.

AMD has been the topic of several recent analyst reports. Daiwa Capital Markets set a $27.00 price objective on shares of Advanced Micro Devices and gave the company a “buy” rating in a report on Saturday, February 2nd. Cowen increased their price objective on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Advanced Micro Devices from $18.00 to $20.00 and gave the company an “in-line” rating in a report on Wednesday, January 30th. Nomura initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, April 2nd. They set a “buy” rating and a $33.00 price objective on the stock. Finally, ValuEngine downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $26.91.

Shares of NASDAQ AMD opened at $28.18 on Tuesday. The stock has a market capitalization of $29.94 billion, a PE ratio of 80.51, a price-to-earnings-growth ratio of 1.75 and a beta of 3.40. The company has a quick ratio of 1.36, a current ratio of 1.78 and a debt-to-equity ratio of 0.88. Advanced Micro Devices, Inc. has a 52 week low of $9.56 and a 52 week high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.08. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Advanced Micro Devices had a net margin of 5.20% and a return on equity of 37.84%. During the same period in the prior year, the business earned $0.08 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 0.52 EPS for the current fiscal year.

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Advanced Micro Devices Profile

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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