Advanced Micro Devices, Inc. (AMD) Shares Bought by Oakbrook Investments LLC

Oakbrook Investments LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 144.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,650 shares of the semiconductor manufacturer’s stock after buying an additional 34,700 shares during the period. Oakbrook Investments LLC’s holdings in Advanced Micro Devices were worth $732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Viking Fund Management LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at about $374,000. State Treasurer State of Michigan increased its position in Advanced Micro Devices by 0.5% in the second quarter. State Treasurer State of Michigan now owns 254,700 shares of the semiconductor manufacturer’s stock worth $3,179,000 after buying an additional 1,300 shares during the period. Sit Investment Associates Inc. acquired a new stake in shares of Advanced Micro Devices during the second quarter worth about $247,000. Aperio Group LLC boosted its stake in shares of Advanced Micro Devices by 2.3% in the second quarter. Aperio Group LLC now owns 304,485 shares of the semiconductor manufacturer’s stock worth $3,800,000 after buying an additional 6,980 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Advanced Micro Devices by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 48,100 shares of the semiconductor manufacturer’s stock worth $600,000 after buying an additional 700 shares in the last quarter. 57.34% of the stock is currently owned by institutional investors.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 0.91% during trading on Friday, reaching $12.23. 63,558,840 shares of the company’s stock traded hands. The company’s market cap is $11.58 billion. Advanced Micro Devices, Inc. has a 52-week low of $5.66 and a 52-week high of $15.65. The company’s 50-day moving average is $13.47 and its 200 day moving average is $12.85.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted ($0.05) EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Equities analysts forecast that Advanced Micro Devices, Inc. will post $0.10 EPS for the current year.

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AMD has been the subject of several recent research reports. Northland Securities reissued a “buy” rating and issued a $17.50 price target on shares of Advanced Micro Devices in a research report on Friday, June 23rd. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, June 23rd. BMO Capital Markets lowered shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a report on Wednesday, July 26th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $14.00 price objective (up previously from $12.00) on shares of Advanced Micro Devices in a report on Tuesday, May 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $11.00 price objective (up previously from $8.00) on shares of Advanced Micro Devices in a report on Tuesday, May 2nd. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $14.18.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 11,810 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $12.17, for a total value of $143,727.70. Following the completion of the sale, the chief accounting officer now owns 31,291 shares of the company’s stock, valued at $380,811.47. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 366,405 shares of Advanced Micro Devices stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $13.18, for a total value of $4,829,217.90. Following the sale, the chief executive officer now directly owns 2,229,550 shares of the company’s stock, valued at approximately $29,385,469. The disclosure for this sale can be found here. Insiders sold a total of 41,664,647 shares of company stock valued at $21,024,000,021,520,200 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

About Advanced Micro Devices

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.

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

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