NJ State Employees Deferred Compensation Plan Holds Stake in Advanced Micro Devices, Inc. (AMD)

NJ State Employees Deferred Compensation Plan maintained its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, Holdings Channel reports. The fund owned 17,000 shares of the semiconductor manufacturer’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Advanced Micro Devices were worth $212,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMD. Nwam LLC boosted its position in shares of Advanced Micro Devices by 31.6% in the second quarter. Nwam LLC now owns 15,617 shares of the semiconductor manufacturer’s stock worth $195,000 after buying an additional 3,750 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Advanced Micro Devices by 1.8% in the second quarter. Great West Life Assurance Co. Can now owns 560,414 shares of the semiconductor manufacturer’s stock worth $6,981,000 after buying an additional 9,853 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Advanced Micro Devices by 6.9% in the second quarter. Janney Montgomery Scott LLC now owns 153,810 shares of the semiconductor manufacturer’s stock worth $1,920,000 after buying an additional 9,898 shares during the last quarter. IBM Retirement Fund bought a new position in shares of Advanced Micro Devices during the second quarter worth about $153,000. Finally, NGAM Advisors L.P. bought a new position in shares of Advanced Micro Devices during the second quarter worth about $547,000. 57.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 12.12 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $5.66 and a 52-week high of $15.65. The stock has a 50 day moving average price of $13.53 and a 200 day moving average price of $12.83. The company’s market capitalization is $11.47 billion.

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

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A number of brokerages have recently issued reports on AMD. Goldman Sachs Group, Inc. (The) set a $11.00 target price on Advanced Micro Devices and gave the stock a “sell” rating in a report on Wednesday, July 26th. Vetr raised Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price for the company in a report on Monday, June 26th. Zacks Investment Research cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, June 23rd. Finally, Northland Securities reissued a “buy” rating and issued a $17.50 target price on shares of Advanced Micro Devices in a report on Friday, June 23rd. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Advanced Micro Devices has an average rating of “Hold” and an average target price of $14.18.

In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $10.86, for a total value of $217,200.00. Following the completion of the sale, the senior vice president now owns 300,334 shares of the company’s stock, valued at $3,261,627.24. The disclosure for this sale can be found here. Insiders sold 41,390,216 shares of company stock valued at $21,024,000,018,073,800 over the last 90 days. 1.60% of the stock is currently owned by company 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.

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

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