Legal & General Group Plc Purchases 188,580 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Legal & General Group Plc increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,310,158 shares of the semiconductor manufacturer’s stock after buying an additional 188,580 shares during the quarter. Legal & General Group Plc owned 0.82% of Advanced Micro Devices worth $2,159,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of AMD. Precision Wealth Strategies LLC increased its holdings in shares of Advanced Micro Devices by 4.0% in the fourth quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock worth $598,000 after buying an additional 155 shares during the period. Concentrum Wealth Management increased its stake in Advanced Micro Devices by 6.6% in the 4th quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after purchasing an additional 2,354 shares during the period. 9258 Wealth Management LLC lifted its position in Advanced Micro Devices by 70.4% in the fourth quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock valued at $1,787,000 after purchasing an additional 5,009 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Advanced Micro Devices by 6.0% during the fourth quarter. Stifel Financial Corp now owns 466,500 shares of the semiconductor manufacturer’s stock valued at $68,767,000 after purchasing an additional 26,383 shares during the period. Finally, Focus Financial Network Inc. ADV bought a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $2,706,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AMD shares. Bank of America lowered their price target on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. KeyCorp cut their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Morgan Stanley boosted their price target on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Barclays reduced their target price on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Stock Up 3.4 %

AMD stock opened at $167.49 on Friday. The company has a market cap of $270.72 billion, a price-to-earnings ratio of 246.31, a P/E/G 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. The business’s 50-day moving average is $145.98 and its two-hundred day moving average is $159.29. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

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

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices 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.