Doheny Asset Management CA Has $390,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

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Doheny Asset Management CA grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,840 shares of the semiconductor manufacturer’s stock after buying an additional 1,100 shares during the quarter. Doheny Asset Management CA’s holdings in Advanced Micro Devices were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Artisan Partners Limited Partnership lifted its holdings in Advanced Micro Devices by 66.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 14,941,422 shares of the semiconductor manufacturer’s stock worth $381,305,000 after purchasing an additional 5,991,132 shares during the last quarter. Scout Investments Inc. acquired a new stake in Advanced Micro Devices in the 2nd quarter worth approximately $55,709,000. Geode Capital Management LLC lifted its holdings in Advanced Micro Devices by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after purchasing an additional 1,651,507 shares during the last quarter. Carillon Tower Advisers Inc. lifted its holdings in Advanced Micro Devices by 61.0% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 3,947,365 shares of the semiconductor manufacturer’s stock worth $119,881,000 after purchasing an additional 1,495,510 shares during the last quarter. Finally, AXA lifted its holdings in Advanced Micro Devices by 39.5% in the 2nd quarter. AXA now owns 2,992,300 shares of the semiconductor manufacturer’s stock worth $90,876,000 after purchasing an additional 847,972 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

In other news, CEO Lisa T. Su sold 429,497 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $33.53, for a total transaction of $14,401,034.41. Following the sale, the chief executive officer now directly owns 3,231,764 shares in the company, valued at $108,361,046.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul Darren Grasby sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $31.30, for a total value of $187,800.00. Following the sale, the senior vice president now owns 33,113 shares in the company, valued at $1,036,436.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,686,908 shares of company stock worth $54,566,203. 1.50% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on AMD shares. BidaskClub upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Saturday, July 6th. Morgan Stanley boosted their target price on Advanced Micro Devices from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Piper Jaffray Companies started coverage on Advanced Micro Devices in a report on Monday, August 19th. They issued a “neutral” rating and a $33.00 target price for the company. Mizuho set a $36.00 target price on Advanced Micro Devices and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, Bank of America lifted their price target on Advanced Micro Devices from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $31.27.

AMD opened at $30.69 on Friday. The stock has a market cap of $32.79 billion, a PE ratio of 87.69, a P/E/G ratio of 2.64 and a beta of 3.07. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54. Advanced Micro Devices, Inc. has a 1 year low of $16.03 and a 1 year high of $35.55. The stock’s 50 day simple moving average is $31.25 and its 200-day simple moving average is $28.94.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Advanced Micro Devices had a return on equity of 16.04% and a net margin of 3.25%. Advanced Micro Devices’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 0.48 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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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