Nisa Investment Advisors LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 239,125 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,200 shares during the period. Nisa Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $6,102,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Nwam LLC bought a new stake in Advanced Micro Devices during the 1st quarter worth $203,000. Toth Financial Advisory Corp bought a new stake in Advanced Micro Devices during the 1st quarter worth $121,000. Retirement Systems of Alabama grew its position in Advanced Micro Devices by 54.6% during the 1st quarter. Retirement Systems of Alabama now owns 1,309,952 shares of the semiconductor manufacturer’s stock worth $33,430,000 after acquiring an additional 462,657 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Advanced Micro Devices by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock worth $1,187,000 after acquiring an additional 400 shares during the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC grew its position in Advanced Micro Devices by 38.2% during the 1st quarter. Landsberg Bennett & Dubbaneh LLC now owns 16,606 shares of the semiconductor manufacturer’s stock worth $482,000 after acquiring an additional 4,586 shares during the last quarter. Institutional investors and hedge funds own 58.84% of the company’s stock.
In related news, SVP Forrest Eugene Norrod sold 50,000 shares of the company’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $20.29, for a total transaction of $1,014,500.00. Following the sale, the senior vice president now owns 909,171 shares in the company, valued at approximately $18,447,079.59. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Devinder Kumar sold 130,000 shares of the company’s stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $19.82, for a total value of $2,576,600.00. Following the sale, the chief financial officer now owns 712,255 shares in the company, valued at approximately $14,116,894.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,453,166 shares of company stock worth $830,095,189. 1.50% of the stock is owned by corporate insiders.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 37.84% and a net margin of 5.20%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company earned $0.08 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 0.52 earnings per share for the current fiscal year.
AMD has been the topic of a number of research reports. Daiwa Capital Markets initiated coverage on Advanced Micro Devices in a research report on Sunday, December 30th. They set a “buy” rating and a $26.00 price objective on the stock. Zacks Investment Research lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Monday, December 31st. Cowen boosted their price objective on Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 30th. JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $18.00 to $20.00 and gave the company an “in-line” rating in a research report on Wednesday, January 30th. Finally, ValuEngine lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $26.87.
About Advanced Micro Devices
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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