Advanced Micro Devices, Inc. (AMD) Shares Bought by Redpoint Investment Management Pty Ltd

Redpoint Investment Management Pty Ltd boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 38.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,581 shares of the semiconductor manufacturer’s stock after buying an additional 4,590 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in Advanced Micro Devices were worth $249,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. OppenheimerFunds Inc. boosted its stake in Advanced Micro Devices by 36.1% during the 1st quarter. OppenheimerFunds Inc. now owns 30,042,756 shares of the semiconductor manufacturer’s stock valued at $301,930,000 after purchasing an additional 7,966,623 shares during the last quarter. Millennium Management LLC boosted its stake in Advanced Micro Devices by 1,311.0% during the 1st quarter. Millennium Management LLC now owns 6,700,103 shares of the semiconductor manufacturer’s stock valued at $67,336,000 after purchasing an additional 6,225,267 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in Advanced Micro Devices by 84.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 6,769,440 shares of the semiconductor manufacturer’s stock valued at $101,473,000 after purchasing an additional 3,105,441 shares during the last quarter. Carillon Tower Advisers Inc. boosted its stake in Advanced Micro Devices by 107.7% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 5,432,501 shares of the semiconductor manufacturer’s stock valued at $81,432,000 after purchasing an additional 2,816,360 shares during the last quarter. Finally, Apertura Capital LLC acquired a new position in Advanced Micro Devices during the 1st quarter valued at about $17,010,000. 65.92% of the stock is owned by institutional investors and hedge funds.

NASDAQ:AMD opened at $23.98 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.26 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $23.38 billion, a P/E ratio of 299.75, a P/E/G ratio of 8.49 and a beta of 3.08. Advanced Micro Devices, Inc. has a 12 month low of $9.04 and a 12 month high of $24.00.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Advanced Micro Devices had a net margin of 5.04% and a return on equity of 52.84%. Advanced Micro Devices’s revenue was up 52.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. sell-side analysts expect that Advanced Micro Devices, Inc. will post 0.36 EPS for the current year.

In other Advanced Micro Devices news, Director Mubadala Investment Co Pjsc sold 22,000,000 shares of the business’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $19.33, for a total transaction of $425,260,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James Robert Anderson sold 150,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $20.38, for a total transaction of $3,057,000.00. Following the sale, the senior vice president now directly owns 701,338 shares in the company, valued at approximately $14,293,268.44. The disclosure for this sale can be found here. Insiders sold a total of 25,039,347 shares of company stock worth $480,381,448 in the last ninety days. 1.80% of the stock is currently owned by insiders.

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $30.00 target price (up previously from $27.00) on shares of Advanced Micro Devices in a research note on Thursday. BidaskClub upgraded Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. ValuEngine upgraded Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 30th. Goldman Sachs Group upgraded Advanced Micro Devices from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $13.25 to $21.00 in a research note on Friday, August 10th. Finally, TheStreet upgraded Advanced Micro Devices from a “c” rating to a “b-” rating in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Advanced Micro Devices has an average rating of “Hold” and a consensus target price of $17.08.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; 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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