Vestor Capital LLC Takes $107,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vestor Capital LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,520 shares of the semiconductor manufacturer’s stock, valued at approximately $107,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in shares of Advanced Micro Devices by 30.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 259,473 shares of the semiconductor manufacturer’s stock valued at $7,880,000 after buying an additional 60,448 shares during the last quarter. Birinyi Associates Inc. acquired a new position in shares of Advanced Micro Devices during the second quarter valued at about $800,000. Altman Advisors Inc. raised its position in shares of Advanced Micro Devices by 112.7% during the second quarter. Altman Advisors Inc. now owns 48,821 shares of the semiconductor manufacturer’s stock valued at $1,483,000 after buying an additional 25,863 shares during the last quarter. Nepsis Inc. acquired a new position in shares of Advanced Micro Devices during the first quarter valued at about $7,182,000. Finally, HWG Holdings LP acquired a new position in shares of Advanced Micro Devices during the first quarter valued at about $965,000. 62.86% of the stock is owned by institutional investors and hedge funds.

In other Advanced Micro Devices news, SVP Paul Darren Grasby sold 6,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $28.39, for a total transaction of $170,340.00. Following the sale, the senior vice president now directly owns 22,979 shares of the company’s stock, valued at $652,373.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Darla M. Smith sold 8,388 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $33.53, for a total transaction of $281,249.64. Following the sale, the chief accounting officer now directly owns 35,918 shares in the company, valued at $1,204,330.54. The disclosure for this sale can be found here. Insiders have sold 1,878,524 shares of company stock worth $60,911,813 over the last ninety days. Insiders own 1.50% of the company’s stock.



Advanced Micro Devices stock traded down $1.60 during trading hours on Friday, hitting $30.30. 2,561,697 shares of the stock were exchanged, compared to its average volume of 79,549,456. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.52 and a current ratio of 2.08. The stock has a market capitalization of $33.35 billion, a P/E ratio of 86.50, a P/E/G ratio of 2.61 and a beta of 3.06. Advanced Micro Devices, Inc. has a 12 month low of $16.03 and a 12 month high of $35.55. The business’s 50-day moving average is $32.20 and its two-hundred day moving average is $28.19.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. The company’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current fiscal year.

A number of research analysts have recently commented on AMD shares. Cowen set a $40.00 price objective on shares of Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, July 31st. Piper Jaffray Companies started coverage on shares of Advanced Micro Devices in a research report on Monday. They set a “neutral” rating and a $33.00 price objective for the company. ValuEngine raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Barclays upped their price objective on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Finally, Wedbush lowered shares of Advanced Micro Devices from an “equal weight” rating to a “hold” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.59.

About Advanced Micro Devices

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.

Featured Article: What is the Gross Domestic Product (GDP)?

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD).

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.