286,800 Shares in Advanced Micro Devices, Inc. (AMD) Purchased by Spark Investment Management LLC

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Spark Investment Management LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, HoldingsChannel reports. The fund purchased 286,800 shares of the semiconductor manufacturer’s stock, valued at approximately $2,882,000.

Several other large investors also recently modified their holdings of AMD. Schwab Charles Investment Management Inc. increased its holdings in shares of Advanced Micro Devices by 5.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,653,790 shares of the semiconductor manufacturer’s stock worth $37,561,000 after buying an additional 192,638 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Advanced Micro Devices by 113.4% in the 4th quarter. State of Alaska Department of Revenue now owns 153,970 shares of the semiconductor manufacturer’s stock worth $1,582,000 after buying an additional 81,830 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Advanced Micro Devices by 1.2% in the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 710,423 shares of the semiconductor manufacturer’s stock worth $7,303,000 after buying an additional 8,535 shares during the last quarter. Prospera Financial Services Inc bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $290,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $978,000. 63.76% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Forrest Eugene Norrod sold 62,500 shares of the firm’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $11.02, for a total value of $688,750.00. Following the completion of the sale, the senior vice president now directly owns 693,772 shares of the company’s stock, valued at approximately $7,645,367.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Devinder Kumar sold 140,473 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $12.45, for a total transaction of $1,748,888.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 452,973 shares of company stock valued at $5,344,639. Corporate insiders own 1.80% of the company’s stock.

Shares of AMD opened at $13.54 on Friday. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 169.25, a PEG ratio of 4.91 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, Inc. has a twelve month low of $9.04 and a twelve month high of $15.65.

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

A number of brokerages have recently issued reports on AMD. BidaskClub raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Saturday, May 19th. Cowen began coverage on shares of Advanced Micro Devices in a research note on Thursday, May 17th. They issued an “outperform” rating and a $18.00 price objective for the company. Susquehanna Bancshares raised shares of Advanced Micro Devices from a “negative” rating to a “neutral” rating and set a $13.87 price objective for the company in a research note on Wednesday, May 16th. UBS raised shares of Advanced Micro Devices to a “neutral” rating in a research note on Wednesday, May 16th. Finally, ValuEngine raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Friday, May 4th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Advanced Micro Devices currently has an average rating of “Hold” and an average price target of $14.89.

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.

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

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