Fmr LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 58.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,392,803 shares of the semiconductor manufacturer’s stock after selling 21,356,898 shares during the period. Fmr LLC’s holdings in Advanced Micro Devices were worth $223,965,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMD. Trexquant Investment LP acquired a new position in shares of Advanced Micro Devices during the first quarter worth about $706,000. Advisory Research Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $1,433,000. Janney Montgomery Scott LLC raised its position in shares of Advanced Micro Devices by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 143,912 shares of the semiconductor manufacturer’s stock worth $2,094,000 after buying an additional 68,565 shares during the period. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of Advanced Micro Devices during the first quarter worth about $2,348,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $4,972,000. Institutional investors and hedge funds own 57.42% of the company’s stock.

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

Shares of Advanced Micro Devices, Inc. (AMD) traded down 0.52% during trading on Friday, reaching $11.44. The company had a trading volume of 59,779,528 shares. Advanced Micro Devices, Inc. has a 52 week low of $4.65 and a 52 week high of $15.55. The firm’s market capitalization is $10.81 billion. The firm has a 50-day moving average of $11.37 and a 200 day moving average of $12.06.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The firm had revenue of $984 million during the quarter, compared to analyst estimates of $984.40 million. Advanced Micro Devices had a negative return on equity of 76.29% and a negative net margin of 10.42%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.12) earnings per share. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post $0.07 earnings per share for the current year.

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AMD has been the topic of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $17.00 target price on shares of Advanced Micro Devices in a research report on Friday, May 19th. Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Monday, May 1st. Bank of America Corporation reiterated a “buy” rating and set a $16.50 target price on shares of Advanced Micro Devices in a research report on Friday, March 3rd. Jefferies Group LLC increased their target price on Advanced Micro Devices to $16.00 and gave the company a “buy” rating in a research report on Monday, March 20th. Finally, Vetr upgraded Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $16.07 target price on the stock in a research report on Thursday, February 23rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Hold” and an average target price of $12.53.

In other Advanced Micro Devices news, CFO Devinder Kumar sold 94,199 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $10.20, for a total transaction of $960,829.80. Following the completion of the sale, the chief financial officer now directly owns 746,635 shares in the company, valued at $7,615,677. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction dated Friday, March 24th. The stock was sold at an average price of $14.05, for a total value of $281,000.00. Following the sale, the senior vice president now owns 340,334 shares of the company’s stock, valued at $4,781,692.70. The disclosure for this sale can be found here. Insiders sold 478,356 shares of company stock valued at $5,416,955 over the last quarter. Insiders own 1.60% of the company’s stock.

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.

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