Thornburg Investment Management Inc. Raises Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Thornburg Investment Management Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,659 shares of the semiconductor manufacturer's stock after buying an additional 24,912 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Advanced Micro Devices were worth $33,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tradewinds Capital Management LLC increased its position in Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Morton Brown Family Wealth LLC grew its stake in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 85 shares during the period. Northwest Bank & Trust Co purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. Semmax Financial Advisors Inc. lifted its stake in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 139 shares during the period. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer's stock worth $31,000 after buying an additional 70 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now 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 Securities & Exchange Commission, which is accessible through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm'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 owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the company's 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 owns 1,546,227 shares in the company, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

AMD traded up $0.91 during trading hours on Thursday, hitting $150.77. The company's stock had a trading volume of 28,976,072 shares, compared to its average volume of 60,897,473. The stock has a market cap of $243.69 billion, a price-to-earnings ratio of 220.07, a P/E/G ratio of 1.83 and a beta of 1.69. The business's 50-day moving average price is $150.21 and its 200-day moving average price is $162.23. 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 manufacturer reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business's revenue was up 8.9% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on AMD. KeyCorp reduced their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an "overweight" rating for the company in a report on Tuesday, July 9th. Citigroup raised their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, July 15th. BNP Paribas upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, July 31st. Susquehanna restated a "positive" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Morgan Stanley lifted their price objective on Advanced Micro Devices from $176.00 to $178.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.45.

Advanced Micro Devices Profile

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