Candriam Luxembourg S.C.A. Has $10.51 Million Stake in Advanced Micro Devices (AMD)

Candriam Luxembourg S.C.A. lifted its stake in shares of Advanced Micro Devices (NASDAQ:AMD) by 110.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,046,155 shares of the semiconductor manufacturer’s stock after buying an additional 549,324 shares during the quarter. Candriam Luxembourg S.C.A. owned approximately 0.11% of Advanced Micro Devices worth $10,514,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AMD. American International Group Inc. boosted its holdings in Advanced Micro Devices by 21.6% in the fourth quarter. American International Group Inc. now owns 291,836 shares of the semiconductor manufacturer’s stock valued at $3,000,000 after purchasing an additional 51,895 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Advanced Micro Devices by 10.1% in the fourth quarter. OppenheimerFunds Inc. now owns 22,076,133 shares of the semiconductor manufacturer’s stock valued at $226,943,000 after purchasing an additional 2,022,320 shares in the last quarter. Sigma Planning Corp boosted its holdings in Advanced Micro Devices by 43.4% in the fourth quarter. Sigma Planning Corp now owns 23,879 shares of the semiconductor manufacturer’s stock valued at $245,000 after purchasing an additional 7,231 shares in the last quarter. Prospera Financial Services Inc acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $290,000. Finally, Meadow Creek Investment Management LLC boosted its holdings in Advanced Micro Devices by 28.0% in the fourth quarter. Meadow Creek Investment Management LLC now owns 56,756 shares of the semiconductor manufacturer’s stock valued at $583,000 after purchasing an additional 12,404 shares in the last quarter. 63.76% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices opened at $12.98 on Wednesday, MarketBeat Ratings reports. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 162.25, a price-to-earnings-growth ratio of 4.72 and a beta of 2.84. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.62 and a quick ratio of 1.20. Advanced Micro Devices has a 1 year low of $9.04 and a 1 year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Advanced Micro Devices had a return on equity of 41.01% and a net margin of 3.29%. sell-side analysts anticipate that Advanced Micro Devices will post 0.36 EPS for the current year.

Several equities research analysts have recently weighed in on the company. Vetr downgraded Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.62 price objective for the company. in a report on Thursday, March 8th. Argus raised Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.74 to $18.00 in a report on Thursday, February 1st. MKM Partners increased their price objective on Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a report on Monday, January 29th. Zacks Investment Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, January 31st. Finally, Stifel Nicolaus raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, April 4th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $14.89.

In other Advanced Micro Devices news, SVP Mark D. Papermaster sold 150,000 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $11.38, for a total value of $1,707,000.00. Following the completion of the transaction, the senior vice president now owns 1,207,949 shares in the company, valued at $13,746,459.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Devinder Kumar sold 140,473 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.45, for a total value of $1,748,888.85. The disclosure for this sale can be found here. Insiders sold 452,973 shares of company stock valued at $5,344,639 in the last quarter. 1.80% of the stock is currently owned by company insiders.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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.

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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