Two Sigma Advisers LP Has $102.78 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Two Sigma Advisers LP raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 193.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,953,568 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,287,400 shares during the quarter. Two Sigma Advisers LP owned approximately 0.17% of Advanced Micro Devices worth $102,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors grew its holdings in Advanced Micro Devices by 69.1% in the first quarter. Capital World Investors now owns 47,990,133 shares of the semiconductor manufacturer’s stock worth $2,182,597,000 after purchasing an additional 19,615,477 shares during the period. Capital Research Global Investors bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $207,759,000. BRILLIANCE ASSET MANAGEMENT Ltd bought a new stake in Advanced Micro Devices during the second quarter valued at approximately $145,909,000. Geode Capital Management LLC lifted its position in Advanced Micro Devices by 9.4% during the first quarter. Geode Capital Management LLC now owns 19,489,112 shares of the semiconductor manufacturer’s stock valued at $884,798,000 after purchasing an additional 1,680,707 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Advanced Micro Devices by 19.1% during the second quarter. Fisher Asset Management LLC now owns 8,498,210 shares of the semiconductor manufacturer’s stock valued at $447,091,000 after purchasing an additional 1,365,541 shares during the last quarter. Hedge funds and other institutional investors own 66.08% of the company’s stock.

Shares of NASDAQ AMD traded down $2.27 during midday trading on Wednesday, reaching $76.66. 38,324,452 shares of the stock were exchanged, compared to its average volume of 67,684,023. The company has a market capitalization of $90.00 billion, a price-to-earnings ratio of 144.64, a P/E/G ratio of 1.86 and a beta of 2.28. Advanced Micro Devices, Inc. has a 12 month low of $27.43 and a 12 month high of $94.28. The business has a 50-day simple moving average of $81.93 and a two-hundred day simple moving average of $59.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.10 and a quick ratio of 1.56.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor manufacturer reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. Advanced Micro Devices had a net margin of 7.96% and a return on equity of 28.66%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm posted $0.08 EPS. The firm’s revenue was up 26.1% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post 0.91 earnings per share for the current fiscal year.

In related news, CEO Lisa T. Su sold 150,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $79.14, for a total value of $11,871,000.00. Following the completion of the transaction, the chief executive officer now owns 2,628,308 shares of the company’s stock, valued at approximately $208,004,295.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Forrest Eugene Norrod sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $79.50, for a total transaction of $5,962,500.00. Following the completion of the transaction, the senior vice president now directly owns 788,745 shares of the company’s stock, valued at approximately $62,705,227.50. The disclosure for this sale can be found here. Insiders sold a total of 533,635 shares of company stock valued at $39,566,516 in the last three months. Insiders own 1.20% of the company’s stock.

AMD has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Advanced Micro Devices from $52.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. BidaskClub lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Tuesday, August 18th. BMO Capital Markets upped their price target on shares of Advanced Micro Devices from $50.00 to $70.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. They noted that the move was a valuation call. Jefferies Financial Group upped their price target on shares of Advanced Micro Devices from $86.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $52.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $71.91.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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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