Advanced Micro Devices, Inc. (AMD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,188,791 shares of the semiconductor manufacturer’s stock after selling 5,889 shares during the quarter. Principal Financial Group Inc. owned 0.12% of Advanced Micro Devices worth $11,947,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OppenheimerFunds Inc. grew its holdings in shares of Advanced Micro Devices by 36.1% during the 1st quarter. OppenheimerFunds Inc. now owns 30,042,756 shares of the semiconductor manufacturer’s stock worth $301,930,000 after purchasing an additional 7,966,623 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Advanced Micro Devices by 23.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock worth $125,891,000 after purchasing an additional 2,295,080 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 9,486,698 shares of the semiconductor manufacturer’s stock worth $97,337,000 after purchasing an additional 386,063 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Advanced Micro Devices by 40.4% during the 4th quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock worth $93,983,000 after purchasing an additional 2,629,584 shares in the last quarter. Finally, CI Investments Inc. grew its holdings in shares of Advanced Micro Devices by 1.4% during the 1st quarter. CI Investments Inc. now owns 8,715,076 shares of the semiconductor manufacturer’s stock worth $87,587,000 after purchasing an additional 121,900 shares in the last quarter. 63.54% of the stock is currently owned by hedge funds and other institutional investors.

AMD has been the topic of several recent research reports. BidaskClub raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Cowen raised their target price on Advanced Micro Devices from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, June 15th. Vetr downgraded Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.62 target price for the company. in a research report on Thursday, March 8th. Bank of America cut their target price on Advanced Micro Devices from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, April 20th. Finally, Zacks Investment Research upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Monday, April 9th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.32.

In other news, CAO Darla M. Smith sold 13,243 shares of the business’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $13.77, for a total transaction of $182,356.11. Following the completion of the sale, the chief accounting officer now owns 19,389 shares in the company, valued at $266,986.53. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the business’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $11.02, for a total value of $688,750.00. Following the sale, the senior vice president now owns 693,772 shares of the company’s stock, valued at approximately $7,645,367.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,041,341 shares of company stock valued at $15,570,139. Corporate insiders own 1.80% of the company’s stock.

Shares of Advanced Micro Devices opened at $14.99 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 1.63. Advanced Micro Devices, Inc. has a 52-week low of $9.04 and a 52-week high of $17.34. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 187.38, a price-to-earnings-growth ratio of 5.44 and a beta of 2.80.

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

Advanced Micro Devices Company Profile

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)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply