UBS Asset Management Americas Inc. Has $98.27 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

UBS Asset Management Americas Inc. trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,235,609 shares of the semiconductor manufacturer’s stock after selling 14,691 shares during the period. UBS Asset Management Americas Inc. owned about 0.30% of Advanced Micro Devices worth $98,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Coldstream Capital Management Inc. increased its holdings in Advanced Micro Devices by 116.9% in the second quarter. Coldstream Capital Management Inc. now owns 17,088 shares of the semiconductor manufacturer’s stock valued at $519,000 after purchasing an additional 9,211 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Advanced Micro Devices by 226.2% in the second quarter. Cubist Systematic Strategies LLC now owns 5,444 shares of the semiconductor manufacturer’s stock valued at $165,000 after purchasing an additional 3,775 shares during the period. California State Teachers Retirement System increased its holdings in Advanced Micro Devices by 7.0% in the second quarter. California State Teachers Retirement System now owns 1,662,408 shares of the semiconductor manufacturer’s stock valued at $50,487,000 after purchasing an additional 108,880 shares during the period. Marshall Wace LLP acquired a new stake in Advanced Micro Devices in the second quarter valued at $2,589,000. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Advanced Micro Devices in the second quarter valued at $8,469,000. Institutional investors and hedge funds own 62.44% of the company’s stock.

In related news, SVP Forrest Eugene Norrod sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $34.12, for a total value of $1,706,000.00. Following the transaction, the senior vice president now owns 809,171 shares of the company’s stock, valued at approximately $27,608,914.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Paul Darren Grasby sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $31.30, for a total transaction of $187,800.00. Following the completion of the transaction, the senior vice president now directly owns 33,113 shares in the company, valued at approximately $1,036,436.90. The disclosure for this sale can be found here. Insiders have sold a total of 1,716,908 shares of company stock worth $55,473,703 in the last three months. Insiders own 1.50% of the company’s stock.



A number of analysts recently weighed in on AMD shares. Royal Bank of Canada restated an “outperform” rating and issued a $44.00 price objective (up from $43.00) on shares of Advanced Micro Devices in a report on Sunday, August 11th. Craig Hallum downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $25.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Atlantic Securities began coverage on Advanced Micro Devices in a report on Monday, July 22nd. They set a “neutral” rating and a $28.00 price target for the company. Finally, BidaskClub upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Saturday, July 6th. Two analysts have rated the stock with a sell rating, nineteen have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.00.

Shares of AMD stock traded down $0.03 on Wednesday, reaching $29.49. 2,439,013 shares of the company were exchanged, compared to its average volume of 47,722,744. The company has a market cap of $31.90 billion, a price-to-earnings ratio of 84.39, a PEG ratio of 2.62 and a beta of 3.07. The company has a 50-day moving average of $30.89 and a 200-day moving average of $29.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.08 and a quick ratio of 1.52. Advanced Micro Devices, Inc. has a one year low of $16.03 and a one year high of $35.55.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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 company 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 business’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 0.48 EPS for the current year.

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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