Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Abacus Planning Group Inc.

Abacus Planning Group Inc. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,262 shares of the semiconductor manufacturer’s stock after buying an additional 389 shares during the period. Abacus Planning Group Inc.’s holdings in Advanced Micro Devices were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMD. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Advanced Micro Devices by 813.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock worth $685,089,000 after buying an additional 4,138,612 shares in the last quarter. Capital World Investors raised its stake in Advanced Micro Devices by 176.9% in the 4th quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock valued at $688,190,000 after purchasing an additional 2,982,704 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Advanced Micro Devices by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after buying an additional 2,390,558 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $159.78 on Thursday. The company has a market cap of $258.25 billion, a price-to-earnings ratio of 234.97, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a fifty day simple moving average of $147.05 and a two-hundred day simple moving average of $158.18.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the topic of several research reports. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Bank of America lowered their price objective on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Cantor Fitzgerald cut their target price on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Robert W. Baird lowered their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

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.