Cim Investment Management Inc. Has $1.62 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cim Investment Management Inc. decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,014 shares of the semiconductor manufacturer’s stock after selling 80 shares during the quarter. Cim Investment Management Inc.’s holdings in Advanced Micro Devices were worth $1,624,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMD. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Advanced Micro Devices by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after purchasing an additional 116,020 shares during the last quarter. Chapin Davis Inc. boosted its position in shares of Advanced Micro Devices by 613.4% during the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after purchasing an additional 10,544 shares in the last quarter. Gordian Capital Singapore Pte Ltd grew its holdings in shares of Advanced Micro Devices by 77.4% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer’s stock valued at $7,237,000 after buying an additional 21,417 shares during the period. Bank of New Hampshire increased its position in shares of Advanced Micro Devices by 811.3% in the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer’s stock valued at $1,456,000 after buying an additional 7,180 shares in the last quarter. Finally, Bragg Financial Advisors Inc raised its stake in Advanced Micro Devices by 6.8% during the 4th quarter. Bragg Financial Advisors Inc now owns 86,129 shares of the semiconductor manufacturer’s stock worth $12,696,000 after buying an additional 5,470 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $164.35 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average price is $146.21 and its two-hundred day moving average price is $159.34. The company has a market cap of $265.64 billion, a PE ratio of 241.69, a price-to-earnings-growth ratio of 2.14 and a beta of 1.69. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted 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 return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the firm earned $0.40 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMD shares. Robert W. Baird cut their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Cantor Fitzgerald reduced their price target on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Citigroup raised their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following 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 can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

About Advanced Micro Devices

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.