Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,075 shares of the semiconductor manufacturer’s stock after buying an additional 969 shares during the period. King Luther Capital Management Corp’s holdings in Advanced Micro Devices were worth $8,285,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMD. Bridges Investment Management Inc. raised its holdings in Advanced Micro Devices by 66.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 2,096 shares of the semiconductor manufacturer’s stock worth $340,000 after buying an additional 833 shares during the period. Callan Capital LLC boosted its holdings in shares of Advanced Micro Devices by 9.7% in the second quarter. Callan Capital LLC now owns 3,662 shares of the semiconductor manufacturer’s stock worth $594,000 after buying an additional 325 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Advanced Micro Devices by 14.4% in the second quarter. Canada Pension Plan Investment Board now owns 3,558,370 shares of the semiconductor manufacturer’s stock worth $577,203,000 after acquiring an additional 447,341 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Advanced Micro Devices by 7.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 34,780 shares of the semiconductor manufacturer’s stock valued at $5,642,000 after acquiring an additional 2,461 shares during the period. Finally, GM Advisory Group LLC lifted its position in shares of Advanced Micro Devices by 6.3% in the 2nd quarter. GM Advisory Group LLC now owns 18,255 shares of the semiconductor manufacturer’s stock valued at $2,961,000 after acquiring an additional 1,081 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research analyst reports. Robert W. Baird reduced their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Cantor Fitzgerald dropped their target price on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Citigroup boosted their price objective on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Morgan Stanley increased their target price 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.45.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $155.95 on Friday. The firm has a market capitalization of $252.06 billion, a PE ratio of 229.34, a PEG ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year 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’s fifty day simple moving average is $146.77 and its 200 day simple moving average is $160.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the business posted $0.40 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

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.