L & S Advisors Inc Takes Position in Advanced Micro Devices, Inc. (AMD)

L & S Advisors Inc acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 109,265 shares of the semiconductor manufacturer’s stock, valued at approximately $1,590,000.

A number of other hedge funds have also recently bought and sold shares of AMD. Intellectus Partners LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter worth about $116,000. ING Groep NV bought a new stake in shares of Advanced Micro Devices during the first quarter worth $127,000. Coldstream Capital Management Inc. raised its stake in shares of Advanced Micro Devices by 2.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 12,100 shares of the semiconductor manufacturer’s stock worth $137,000 after buying an additional 330 shares during the last quarter. Sii Investments Inc. WI bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $147,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $147,000. Institutional investors and hedge funds own 57.43% of the company’s stock.

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

Shares of Advanced Micro Devices, Inc. (AMD) traded up 5.28% during mid-day trading on Tuesday, reaching $12.56. 64,865,085 shares of the company traded hands. Advanced Micro Devices, Inc. has a 52-week low of $4.65 and a 52-week high of $15.55. The company’s 50 day moving average is $11.33 and its 200 day moving average is $12.13. The stock’s market capitalization is $11.87 billion. Advanced Micro Devices also was the recipient of unusually large options trading on Tuesday. Stock investors purchased 68,965 call options on the company. This is an increase of 307% compared to the average volume of 16,952 call options.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The firm had revenue of $984 million for the quarter, compared to analyst estimates of $984.40 million. Advanced Micro Devices had a negative return on equity of 76.29% and a negative net margin of 10.42%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period last year, the company earned ($0.12) EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post $0.07 earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. Susquehanna Bancshares Inc boosted their price objective on shares of Advanced Micro Devices from $9.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, March 20th. Vetr upgraded shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $16.07 target price for the company in a research report on Thursday, February 23rd. MKM Partners restated a “neutral” rating and set a $13.00 target price on shares of Advanced Micro Devices in a research report on Thursday, February 23rd. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a research report on Thursday, April 6th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a report on Thursday, April 6th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Advanced Micro Devices currently has an average rating of “Hold” and an average target price of $12.53.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $13.21, for a total transaction of $825,625.00. Following the completion of the sale, the senior vice president now owns 646,061 shares in the company, valued at approximately $8,534,465.81. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, March 24th. The stock was sold at an average price of $14.05, for a total value of $281,000.00. Following the completion of the transaction, the senior vice president now owns 340,334 shares of the company’s stock, valued at approximately $4,781,692.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 478,356 shares of company stock worth $5,416,955. Company insiders own 1.60% of the company’s stock.

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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