Voya Investment Management LLC Raises Position in Advanced Micro Devices, Inc. (AMD)

Voya Investment Management LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 522,930 shares of the semiconductor manufacturer’s stock after buying an additional 12,526 shares during the period. Voya Investment Management LLC owned about 0.06% of Advanced Micro Devices worth $6,526,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Advanced Micro Devices during the first quarter worth approximately $100,000. K.J. Harrison & Partners Inc bought a new stake in Advanced Micro Devices during the second quarter worth approximately $125,000. Regal Investment Advisors LLC bought a new stake in Advanced Micro Devices during the second quarter worth approximately $137,000. Global X Management Co. LLC bought a new stake in Advanced Micro Devices during the second quarter worth approximately $143,000. Finally, Bluestein R H & Co. bought a new stake in Advanced Micro Devices during the first quarter worth approximately $146,000. Hedge funds and other institutional investors own 59.11% of the company’s stock.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 13.70 on Wednesday. The stock’s market cap is $12.97 billion. The firm has a 50-day moving average of $12.81 and a 200-day moving average of $12.72. Advanced Micro Devices, Inc. has a 52-week low of $6.22 and a 52-week high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue was up 19.0% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $15.42, for a total value of $963,750.00. Following the sale, the senior vice president now owns 600,301 shares of the company’s stock, valued at $9,256,641.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $13.91, for a total transaction of $278,200.00. Following the completion of the sale, the senior vice president now directly owns 422,363 shares in the company, valued at approximately $5,875,069.33. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,157,502 shares of company stock worth $21,024,000,027,762,700. Insiders own 1.60% of the company’s stock.

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A number of analysts recently weighed in on AMD shares. BidaskClub cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Northland Securities restated a “buy” rating and set a $17.50 target price on shares of Advanced Micro Devices in a report on Friday, June 23rd. Craig Hallum raised their target price on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, June 22nd. Vetr downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $15.64 price target for the company. in a research report on Wednesday, June 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $20.00 price target on shares of Advanced Micro Devices in a research report on Monday, June 26th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.93.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, 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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