Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Xn LP

Xn LP lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,563 shares of the semiconductor manufacturer’s stock after selling 57,650 shares during the period. Advanced Micro Devices comprises 3.2% of Xn LP’s portfolio, making the stock its 14th largest holding. Xn LP’s holdings in Advanced Micro Devices were worth $77,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Advanced Micro Devices by 813.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock valued at $685,089,000 after acquiring an additional 4,138,612 shares during the last quarter. Capital World Investors boosted its stake in shares of Advanced Micro Devices by 176.9% during the 4th quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after purchasing an additional 2,982,704 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after buying an additional 2,979,204 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after buying an additional 2,553,392 shares during the period. Finally, Vanguard Group Inc. boosted its position in Advanced Micro Devices by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after acquiring an additional 2,390,558 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMD shares. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a research note on Monday. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Bank of America dropped their price objective on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Morgan Stanley upped their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Price Performance

AMD opened at $150.82 on Wednesday. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The firm has a market cap of $243.77 billion, a price-to-earnings ratio of 221.79, a PEG ratio of 2.04 and a beta of 1.69. The company has a fifty day simple moving average of $148.50 and a 200 day simple moving average of $161.13.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the firm earned $0.40 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is owned by company insiders.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.