Advanced Micro Devices, Inc. (AMD) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 29.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 104,291 shares of the semiconductor manufacturer’s stock after acquiring an additional 23,428 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Advanced Micro Devices were worth $3,222,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MinichMacGregor Wealth Management LLC increased its holdings in Advanced Micro Devices by 257.7% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $101,000 after purchasing an additional 2,319 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Advanced Micro Devices by 953.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 6,847 shares of the semiconductor manufacturer’s stock worth $135,000 after purchasing an additional 6,197 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in Advanced Micro Devices during the 2nd quarter worth about $140,000. WealthTrust Axiom LLC bought a new position in Advanced Micro Devices during the 2nd quarter worth about $149,000. Finally, Wealthsource Partners LLC bought a new position in Advanced Micro Devices during the 2nd quarter worth about $151,000. 66.23% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices stock opened at $16.85 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $9.04 and a 52 week high of $34.14. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.76 and a quick ratio of 1.37. The stock has a market cap of $17.19 billion, a P/E ratio of 210.63, a price-to-earnings-growth ratio of 3.38 and a beta of 3.10.



Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 0.37 EPS for the current year.

Several brokerages have recently weighed in on AMD. Wells Fargo & Co raised their price objective on Advanced Micro Devices from $20.00 to $34.00 and gave the company an “outperform” rating in a report on Monday, September 10th. FBN Securities began coverage on Advanced Micro Devices in a report on Thursday, September 13th. They issued an “outperform” rating for the company. Cowen decreased their price objective on Advanced Micro Devices from $33.00 to $26.00 and set an “outperform” rating for the company in a report on Tuesday. BMO Capital Markets restated a “hold” rating and issued a $14.00 price objective on shares of Advanced Micro Devices in a report on Thursday, July 26th. Finally, Robert W. Baird decreased their price objective on Advanced Micro Devices from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $23.52.

In other Advanced Micro Devices news, insider Mark D. Papermaster sold 20,066 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $19.14, for a total transaction of $384,063.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Devinder Kumar sold 113,519 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $19.37, for a total transaction of $2,198,863.03. The disclosure for this sale can be found here. Insiders have sold 2,740,400 shares of company stock valued at $59,709,371 over the last 90 days. Company insiders own 1.80% of the company’s stock.

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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