Advanced Micro Devices, Inc. (AMD) Shares Bought by Rafferty Asset Management LLC

Rafferty Asset Management LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 446,255 shares of the semiconductor manufacturer’s stock after purchasing an additional 85,151 shares during the quarter. Rafferty Asset Management LLC’s holdings in Advanced Micro Devices were worth $5,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. Trexquant Investment LP acquired a new position in Advanced Micro Devices during the first quarter worth about $706,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Advanced Micro Devices by 51.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock worth $2,506,000 after acquiring an additional 68,462 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Advanced Micro Devices during the second quarter worth about $184,767,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Advanced Micro Devices by 20.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock worth $1,997,000 after acquiring an additional 27,233 shares during the last quarter. Finally, KBC Group NV boosted its position in Advanced Micro Devices by 16.0% during the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after acquiring an additional 14,715 shares during the last quarter. Institutional investors and hedge funds own 59.11% of the company’s stock.

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Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up 0.5161% during midday trading on Tuesday, reaching $13.1475. 30,657,604 shares of the company traded hands. Advanced Micro Devices, Inc. has a 12 month low of $6.12 and a 12 month high of $15.65. The stock’s market capitalization is $12.45 billion. The company’s 50 day moving average is $12.70 and its 200-day moving average is $12.78. Advanced Micro Devices also was the recipient of some unusual options trading activity on Monday. Traders bought 40,016 put options on the stock. This represents an increase of approximately 130% compared to the typical daily volume of 17,387 put options.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 EPS for the quarter, beating the Thomson Reuters’ 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 last year, the firm posted ($0.05) earnings per share. Advanced Micro Devices’s revenue for the quarter was up 19.0% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Goldman Sachs Group, Inc. (The) restated a “sell” rating and set a $10.60 price target on shares of Advanced Micro Devices in a research report on Monday, June 12th. Wells Fargo & Company restated an “outperform” rating and set a $15.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 30th. Canaccord Genuity restated a “buy” rating on shares of Advanced Micro Devices in a research report on Saturday, June 3rd. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Advanced Micro Devices in a research report on Tuesday, July 4th. Finally, BMO Capital Markets lowered shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices has a consensus rating of “Hold” and an average target price of $13.98.

In other news, CEO Lisa T. Su sold 325,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total transaction of $4,049,500.00. Following the sale, the chief executive officer now owns 2,037,139 shares in the company, valued at $25,382,751.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Devinder Kumar sold 86,875 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $12.08, for a total transaction of $1,049,450.00. Following the sale, the chief financial officer now owns 775,771 shares in the company, valued at approximately $9,371,313.68. The disclosure for this sale can be found here. Insiders sold 42,074,793 shares of company stock worth $21,024,000,026,654,800 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Advanced Micro Devices 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.

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

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