OppenheimerFunds Inc. Acquires 254,425 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

OppenheimerFunds Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,489,979 shares of the semiconductor manufacturer’s stock after acquiring an additional 254,425 shares during the quarter. Advanced Micro Devices comprises about 0.8% of OppenheimerFunds Inc.’s holdings, making the stock its 21st largest position. OppenheimerFunds Inc. owned 2.26% of Advanced Micro Devices worth $624,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. State of Wisconsin Investment Board boosted its holdings in Advanced Micro Devices by 27.0% in the 1st quarter. State of Wisconsin Investment Board now owns 1,474,977 shares of the semiconductor manufacturer’s stock worth $37,641,000 after acquiring an additional 313,508 shares during the period. Meitav Dash Investments Ltd. boosted its holdings in Advanced Micro Devices by 7.3% in the 1st quarter. Meitav Dash Investments Ltd. now owns 65,668 shares of the semiconductor manufacturer’s stock worth $1,646,000 after acquiring an additional 4,495 shares during the period. Charter Trust Co. purchased a new position in Advanced Micro Devices in the 1st quarter worth approximately $235,000. Jennison Associates LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter valued at approximately $20,071,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Advanced Micro Devices by 27,938.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 3,645 shares of the semiconductor manufacturer’s stock valued at $93,000 after buying an additional 3,632 shares during the last quarter. Institutional investors and hedge funds own 60.73% of the company’s stock.

Shares of AMD stock traded up $6,099,999,669.26 during trading on Friday, reaching $6,099,999,700.00. The company had a trading volume of 47,530,169 shares, compared to its average volume of 77,758,148. The firm has a market cap of $32.36 billion, a P/E ratio of 17,428,570,571.43, a PEG ratio of 1.83 and a beta of 3.19. The stock has a 50 day moving average price of $29.02. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.57. Advanced Micro Devices, Inc. has a one year low of $14.74 and a one year high of $34.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The company’s revenue was down 22.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 0.53 earnings per share for the current year.

In other news, SVP Paul Darren Grasby sold 6,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $28.39, for a total transaction of $170,340.00. Following the sale, the senior vice president now owns 22,979 shares of the company’s stock, valued at approximately $652,373.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Darla M. Smith sold 27,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $29.45, for a total value of $795,150.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,033,066 shares of company stock worth $30,445,396 in the last three months. 1.50% of the stock is owned by insiders.

AMD has been the topic of several research reports. Nomura initiated coverage on Advanced Micro Devices in a research report on Tuesday, April 2nd. They set a “buy” rating and a $33.00 price target on the stock. ValuEngine lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Bank of America increased their target price on Advanced Micro Devices from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Mizuho increased their target price on Advanced Micro Devices from $28.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $33.00 target price (up from $27.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $29.88.

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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