PNC Financial Services Group Inc. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,021 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,582 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Advanced Micro Devices were worth $1,472,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE boosted its stake in Advanced Micro Devices by 10.0% during the first quarter. US Bancorp DE now owns 11,001 shares of the semiconductor manufacturer’s stock worth $160,000 after acquiring an additional 1,003 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Advanced Micro Devices by 392.1% during the first quarter. UBS Asset Management Americas Inc. now owns 1,995,898 shares of the semiconductor manufacturer’s stock worth $29,040,000 after acquiring an additional 1,590,293 shares in the last quarter. Sei Investments Co. boosted its stake in Advanced Micro Devices by 807.4% during the first quarter. Sei Investments Co. now owns 49,879 shares of the semiconductor manufacturer’s stock worth $726,000 after acquiring an additional 44,382 shares in the last quarter. Keybank National Association OH bought a new position in Advanced Micro Devices during the first quarter worth $161,000. Finally, Nordea Investment Management AB bought a new position in Advanced Micro Devices during the first quarter worth $452,000. 59.12% of the stock is currently owned by institutional investors.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 13.34 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $6.22 and a 12-month high of $15.65. The stock’s market cap is $12.63 billion. The company’s 50-day moving average is $12.71 and its 200-day moving average is $12.75.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm earned ($0.05) EPS. Advanced Micro Devices’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

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AMD has been the topic of several research analyst reports. Summit Redstone reissued a “hold” rating on shares of Advanced Micro Devices in a research note on Saturday, July 22nd. Wells Fargo & Company reissued an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. MKM Partners reissued a “neutral” rating and set a $13.00 target price on shares of Advanced Micro Devices in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $10.60 target price on shares of Advanced Micro Devices in a research note on Monday, June 12th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $13.93.

In related news, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total value of $963,750.00. Following the completion of the sale, the senior vice president now directly owns 600,301 shares of the company’s stock, valued at approximately $9,256,641.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was 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. Insiders have sold a total of 42,074,793 shares of company stock valued at $21,024,000,026,636,200 in the last ninety days. Insiders own 1.60% of the company’s stock.

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.

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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