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Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Invesco Ltd.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Invesco Ltd. #Advanced #Micro #Devices #NASDAQAMD #Shares #Bought #Invesco Welcome to Today Trending Tweets, here is the new story we have for you today:

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Invesco Ltd. boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 6.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,499,064 shares of the semiconductor manufacturer’s stock after buying an additional 721,110 shares during the quarter. Invesco Ltd.’s holdings in Advanced Micro Devices were worth $1,366,647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Advanced Micro Devices by 36.9% in the first quarter. Vanguard Group Inc. now owns 133,525,143 shares of the semiconductor manufacturer’s stock valued at $14,599,640,000 after purchasing an additional 36,016,818 shares during the period. BlackRock Inc. grew its position in shares of Advanced Micro Devices by 34.6% in the first quarter. BlackRock Inc. now owns 119,569,366 shares of the semiconductor manufacturer’s stock valued at $13,073,716,000 after purchasing an additional 30,732,205 shares during the period. Norges Bank acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $1,423,132,000. Renaissance Technologies LLC acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at about $777,111,000. Finally, Bank of Montreal Can grew its position in shares of Advanced Micro Devices by 212.9% in the fourth quarter. Bank of Montreal Can now owns 7,652,195 shares of the semiconductor manufacturer’s stock valued at $1,124,107,000 after purchasing an additional 5,206,885 shares during the period. Institutional investors and hedge funds own 65.45% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $100.02, for a total value of $12,502,500.00. Following the completion of the transaction, the chief executive officer now owns 2,926,985 shares in the company, valued at $292,757,039.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the completion of the transaction, the executive vice president now owns 37,800 shares in the company, valued at approximately $2,910,222. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $100.02, for a total transaction of $12,502,500.00. Following the transaction, the chief executive officer now owns 2,926,985 shares of the company’s stock, valued at approximately $292,757,039.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 161,518 shares of company stock worth $15,378,613. Corporate insiders own 1.00% of the company’s stock.

Advanced Micro Devices Trading Up 3.2 %

Shares of AMD stock opened at $85.45 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.44. The stock has a market capitalization of $137.94 billion, a P/E ratio of 35.90, a price-to-earnings-growth ratio of 0.73 and a beta of 1.97. The company has a 50 day moving average price of $88.88 and a 200 day moving average price of $95.65. Advanced Micro Devices, Inc. has a fifty-two week low of $71.60 and a fifty-two week high of $164.46.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.52 billion. Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. During the same quarter last year, the firm posted $0.58 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 3.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on AMD shares. Mizuho dropped their target price on shares of Advanced Micro Devices from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Cowen decreased their price target on shares of Advanced Micro Devices from $160.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th. Susquehanna decreased their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set a “positive” rating on the stock in a research note on Wednesday, July 13th. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $103.00 to $101.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd. Finally, Cowen decreased their price target on shares of Advanced Micro Devices from $160.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.80.

Advanced Micro Devices Company Profile

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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, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

Further Reading

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

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