Schwab Charles Investment Management Inc. Decreases Stake in Advanced Micro Devices, Inc. (AMD)

Schwab Charles Investment Management Inc. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 38.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,177,101 shares of the semiconductor manufacturer’s stock after selling 1,974,750 shares during the period. Schwab Charles Investment Management Inc. owned 0.34% of Advanced Micro Devices worth $39,651,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. North Star Asset Management Inc. raised its position in shares of Advanced Micro Devices by 1.5% in the 1st quarter. North Star Asset Management Inc. now owns 15,330 shares of the semiconductor manufacturer’s stock worth $223,000 after acquiring an additional 233 shares in the last quarter. Pier Capital LLC raised its position in shares of Advanced Micro Devices by 1.0% in the 1st quarter. Pier Capital LLC now owns 49,311 shares of the semiconductor manufacturer’s stock worth $717,000 after acquiring an additional 474 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Advanced Micro Devices by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 48,100 shares of the semiconductor manufacturer’s stock worth $600,000 after acquiring an additional 700 shares in the last quarter. Concert Wealth Management Inc. raised its position in shares of Advanced Micro Devices by 4.8% in the 1st quarter. Concert Wealth Management Inc. now owns 16,560 shares of the semiconductor manufacturer’s stock worth $188,000 after acquiring an additional 760 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Advanced Micro Devices by 0.8% in the 1st quarter. Amalgamated Bank now owns 105,562 shares of the semiconductor manufacturer’s stock worth $1,536,000 after acquiring an additional 885 shares in the last quarter. 59.15% of the stock is owned by hedge funds and other institutional investors.

AMD has been the subject of several research reports. Longbow Research initiated coverage on Advanced Micro Devices in a research report on Friday, June 9th. They issued a “neutral” rating and a $13.10 target price for the company. Vetr raised Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price for the company in a research report on Monday, June 26th. Northland Securities reissued a “buy” rating and issued a $17.50 target price on shares of Advanced Micro Devices in a research report on Friday, June 23rd. Credit Suisse Group reissued a “neutral” rating on shares of Advanced Micro Devices in a research report on Sunday, May 21st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $16.00 target price on shares of Advanced Micro Devices in a research report on Friday, June 2nd. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.98.

In other Advanced Micro Devices news, insider Darla M. Smith sold 8,172 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $12.85, for a total value of $105,010.20. Following the sale, the insider now directly owns 34,934 shares of the company’s stock, valued at $448,901.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were 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 41,847,415 shares of company stock worth $21,024,000,023,836,800 over the last three months. Corporate insiders own 1.60% of the company’s stock.

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Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 12.25 on Monday. The stock has a 50 day moving average price of $12.98 and a 200-day moving average price of $12.89. The stock’s market capitalization is $11.60 billion. Advanced Micro Devices, Inc. has a 1-year low of $5.66 and a 1-year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.

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.

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

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