Consolidated Portfolio Review Corp buys a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Consolidated Portfolio Review Corp bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,958 shares of the semiconductor manufacturer’s stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Advanced Micro Devices by 813.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor maker’s stock worth $685,089,000 after buying an additional 4,138,612 shares in the last quarter. Capital World Investors boosted its stake in shares of Advanced Micro Devices by 176.9% during the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor maker’s stock worth $688,190,000 after buying an additional 2,982,704 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor maker’s stock valued at $1,402,412,000 after buying an additional 2,979,204 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Advanced Micro Devices by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor maker’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the last quarter. 71.34% of the shares are held by hedge funds and other institutional investors.

Analysts set new price targets

AMD has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 price target on the stock. Morgan Stanley upped their target price on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Bank of America cut their price target on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. KeyCorp decreased their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Finally, Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat , Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $193.45.

View the latest stock report on AMD

Price performance of advanced microdevices

Advanced Micro Devices stock opened at $148.56 on Monday. The stock has a market cap of $240.44 billion, a P/E ratio of 218.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.69. The company has a fifty day simple moving average of $153.31 and a 200 day simple moving average of $163.95. The company has a current ratio of 2.82, a quick ratio of 2.01, and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor maker reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s revenue was up 8.9% compared to the same quarter last year. In the same quarter last year, the firm earned $0.40 EPS. Equities analysts expect that Advanced Micro Devices, Inc. to post 2.56 EPS for the current fiscal year.

Indoor activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s shares.

Advanced microdevice profile

(Free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. It operates through the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing unit, chipsets, data center and professional GPUs; and embedded processors and semi-custom system-on-chip (SoC) products, development services and technology for microprocessors and SoCs, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

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