Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Samlyn Capital LLC

Samlyn Capital LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 30.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 911,763 shares of the semiconductor manufacturer’s stock after purchasing an additional 211,348 shares during the quarter. Advanced Micro Devices makes up 2.5% of Samlyn Capital LLC’s investment portfolio, making the stock its 10th biggest holding. Samlyn Capital LLC owned about 0.06% of Advanced Micro Devices worth $147,897,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMD. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after buying an additional 2,349,288 shares in the last quarter. Fisher Asset Management LLC increased its stake in Advanced Micro Devices by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer’s stock valued at $4,177,338,000 after purchasing an additional 570,035 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Advanced Micro Devices by 10.2% in the 4th 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 purchasing an additional 2,553,392 shares in the last quarter. Wellington Management Group LLP increased its stake in Advanced Micro Devices by 2.6% in the 4th quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer’s stock valued at $2,832,961,000 after purchasing an additional 478,718 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMD. Wells Fargo & Company raised their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Bank of America dropped their price objective on 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. Cantor Fitzgerald lowered 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. TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. Finally, BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a 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 issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Trading Up 0.5 %

NASDAQ:AMD opened at $156.75 on Tuesday. The business’s 50-day moving average is $146.31 and its two-hundred day moving average is $159.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The firm has a market capitalization of $253.36 billion, a PE ratio of 230.51, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 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 analyst estimates of $5.72 billion. During the same period last year, the company posted $0.40 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

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

Advanced Micro Devices Company Profile

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.