Caxton Associates LP Invests $121.66 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Caxton Associates LP acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 750,000 shares of the semiconductor manufacturer’s stock, valued at approximately $121,658,000. Advanced Micro Devices comprises about 4.2% of Caxton Associates LP’s investment portfolio, making the stock its 5th biggest position.

Several other large investors also recently modified their holdings of AMD. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after acquiring an additional 2,349,288 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Advanced Micro Devices by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer’s stock worth $4,177,338,000 after purchasing an additional 570,035 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Advanced Micro Devices by 10.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after buying an additional 2,553,392 shares in the last quarter. Wellington Management Group LLP raised its stake in Advanced Micro Devices by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer’s stock worth $2,832,961,000 after buying an additional 478,718 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $158.32 on Wednesday. The business’s fifty day moving average is $145.92 and its 200 day moving average is $159.27. The firm has a market cap of $256.24 billion, a price-to-earnings ratio of 232.83, a PEG ratio of 2.14 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMD. Citigroup boosted their price objective on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Bank of America decreased their target price on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company lifted their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.