Advanced Micro Devices, Inc. (AMD) Position Raised by Neuberger Berman Group LLC

Neuberger Berman Group LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,113 shares of the semiconductor manufacturer’s stock after purchasing an additional 272 shares during the quarter. Neuberger Berman Group LLC’s holdings in Advanced Micro Devices were worth $875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMD. Trexquant Investment LP bought a new position in shares of Advanced Micro Devices in the first quarter worth about $706,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Advanced Micro Devices by 51.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock worth $2,506,000 after acquiring an additional 68,462 shares during the last quarter. KBC Group NV lifted its holdings in shares of Advanced Micro Devices by 16.0% in the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after acquiring an additional 14,715 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Advanced Micro Devices by 48.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,363,776 shares of the semiconductor manufacturer’s stock worth $29,500,000 after acquiring an additional 769,739 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Advanced Micro Devices in the first quarter worth about $148,000. 59.11% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Advanced Micro Devices, Inc. (AMD) Position Raised by Neuberger Berman Group LLC” was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/09/20/advanced-micro-devices-inc-amd-position-raised-by-neuberger-berman-group-llc.html.

Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at 13.12 on Wednesday. Advanced Micro Devices, Inc. has a one year low of $6.14 and a one year high of $15.65. The stock’s market cap is $12.42 billion. The stock’s 50 day moving average price is $12.68 and its 200 day moving average price is $12.78. Advanced Micro Devices also was the recipient of unusually large options trading on Monday. Traders bought 40,016 put options on the stock. This is an increase of approximately 130% compared to the typical daily volume of 17,387 put options.

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

In other Advanced Micro Devices news, Director Ahmed Yahia sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $12.84, for a total transaction of $1,027,200.00. Following the completion of the transaction, the director now owns 182,941 shares in the company, valued at approximately $2,348,962.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 325,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total value of $4,049,500.00. Following the transaction, the chief executive officer now owns 2,037,139 shares of the company’s stock, valued at approximately $25,382,751.94. The disclosure for this sale can be found here. Insiders have sold 42,074,793 shares of company stock valued at $21,024,000,026,654,800 in the last quarter. 1.60% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on AMD shares. Longbow Research started coverage on shares of Advanced Micro Devices in a report on Friday, June 9th. They issued a “neutral” rating and a $13.10 target price for the company. Vetr raised shares of 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. 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. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Advanced Micro Devices in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 28th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.98.

Advanced Micro Devices Company Profile

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD).

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

Receive News & Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply