Quilter Plc Has $141.45 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Quilter Plc lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 872,001 shares of the semiconductor manufacturer's stock after selling 85,272 shares during the quarter. Advanced Micro Devices makes up approximately 3.2% of Quilter Plc's investment portfolio, making the stock its 9th largest holding. Quilter Plc owned approximately 0.05% of Advanced Micro Devices worth $141,447,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMD. Fortis Capital Advisors LLC increased its holdings in Advanced Micro Devices by 137.8% during the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer's stock worth $1,840,000 after purchasing an additional 7,235 shares in the last quarter. Chapin Davis Inc. raised its position in Advanced Micro Devices by 613.4% in the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer's stock valued at $2,213,000 after buying an additional 10,544 shares during the last quarter. Gordian Capital Singapore Pte Ltd lifted its stake in Advanced Micro Devices by 77.4% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer's stock valued at $7,237,000 after acquiring an additional 21,417 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in Advanced Micro Devices by 11.5% during the 4th quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer's stock worth $121,000 after acquiring an additional 85 shares during the last quarter. Finally, Bank of New Hampshire grew its stake in shares of Advanced Micro Devices by 811.3% in the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer's stock worth $1,456,000 after acquiring an additional 7,180 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent analyst reports. Edward Jones began coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a "buy" rating on the stock. Morgan Stanley boosted their target price on 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. Rosenblatt Securities restated a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Bank of America reduced their target price on Advanced Micro Devices from $195.00 to $180.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Finally, KeyCorp cut their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $193.45.

Advanced Micro Devices Trading Up 1.0 %

Shares of Advanced Micro Devices stock traded up $1.54 during midday trading on Friday, reaching $152.31. 25,042,535 shares of the company's stock traded hands, compared to its average volume of 60,696,652. The stock has a 50 day moving average of $149.56 and a 200-day moving average of $161.78. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a market cap of $246.51 billion, a PE ratio of 223.99, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.72 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. Advanced Micro Devices's quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 1,546,227 shares of the company's stock, valued at $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.73% of the company's stock.

Advanced Micro Devices Company 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.