Tocqueville Asset Management L.P. Purchases Shares of 37,845 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tocqueville Asset Management L.P. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 37,845 shares of the semiconductor manufacturer’s stock, valued at approximately $1,149,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMD. Dimensional Fund Advisors LP increased its position in shares of Advanced Micro Devices by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,399,337 shares of the semiconductor manufacturer’s stock valued at $62,743,000 after buying an additional 136,475 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Advanced Micro Devices by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after buying an additional 1,651,507 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $215,000. Louisiana State Employees Retirement System increased its position in shares of Advanced Micro Devices by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock valued at $1,187,000 after buying an additional 400 shares in the last quarter. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $121,000. 60.38% of the stock is currently owned by institutional investors.

A number of analysts have recently commented on AMD shares. Deutsche Bank restated a “hold” rating and issued a $29.00 price objective (up from $25.00) on shares of Advanced Micro Devices in a research report on Tuesday, July 30th. Morgan Stanley boosted their price objective on Advanced Micro Devices from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Cowen set a $40.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, July 31st. Nomura boosted their price objective on Advanced Micro Devices from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Credit Suisse Group set a $30.00 price objective on Advanced Micro Devices and gave the company a “neutral” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirteen have assigned a buy rating to the stock. Advanced Micro Devices currently has an average rating of “Hold” and an average price target of $31.54.



Shares of NASDAQ:AMD opened at $30.24 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52. The stock has a 50 day moving average price of $32.12. The firm has a market capitalization of $35.20 billion, a price-to-earnings ratio of 86.40, a PEG ratio of 2.76 and a beta of 3.06. Advanced Micro Devices, Inc. has a 1 year low of $16.03 and a 1 year high of $35.55.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.08. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. The business’s revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current year.

In other Advanced Micro Devices news, SVP Paul Darren Grasby sold 6,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total transaction of $170,340.00. Following the transaction, the senior vice president now owns 22,979 shares of the company’s stock, valued at $652,373.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Harry A. Wolin sold 152,667 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $31.48, for a total value of $4,805,957.16. Following the transaction, the senior vice president now directly owns 1,501,474 shares in the company, valued at approximately $47,266,401.52. The disclosure for this sale can be found here. Insiders have sold 1,878,524 shares of company stock worth $60,911,813 in the last three months. 1.50% of the stock is currently owned by corporate insiders.

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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