Global X Japan Co. Ltd. Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Global X Japan Co. Ltd. raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 117,963 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,237 shares during the period. Advanced Micro Devices accounts for about 2.7% of Global X Japan Co. Ltd.’s investment portfolio, making the stock its 12th biggest holding. Global X Japan Co. Ltd.’s holdings in Advanced Micro Devices were worth $19,135,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LGT Fund Management Co Ltd. increased its stake in shares of Advanced Micro Devices by 33.7% in the second quarter. LGT Fund Management Co Ltd. now owns 26,768 shares of the semiconductor manufacturer’s stock worth $4,342,000 after purchasing an additional 6,753 shares in the last quarter. Cowen AND Company LLC increased its stake in Advanced Micro Devices by 11,349.2% in the 2nd quarter. Cowen AND Company LLC now owns 967,231 shares of the semiconductor manufacturer’s stock worth $156,895,000 after buying an additional 958,783 shares in the last quarter. Choreo LLC increased its stake in Advanced Micro Devices by 292.8% in the 2nd quarter. Choreo LLC now owns 39,281 shares of the semiconductor manufacturer’s stock worth $6,214,000 after buying an additional 29,282 shares in the last quarter. Wedbush Securities Inc. raised its holdings in Advanced Micro Devices by 13.5% during the second quarter. Wedbush Securities Inc. now owns 83,701 shares of the semiconductor manufacturer’s stock valued at $13,577,000 after acquiring an additional 9,977 shares during the period. Finally, Clifford Swan Investment Counsel LLC lifted its position in shares of Advanced Micro Devices by 5.6% in the second quarter. Clifford Swan Investment Counsel LLC now owns 6,742 shares of the semiconductor manufacturer’s stock valued at $1,094,000 after acquiring an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Wedbush reiterated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating for the company. Barclays cut their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Finally, Robert W. Baird decreased their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

Advanced Micro Devices Trading Up 2.8 %

AMD opened at $138.15 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The stock’s 50 day moving average price is $150.92 and its 200-day moving average price is $162.56. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The stock has a market cap of $223.59 billion, a price-to-earnings ratio of 203.16, a P/E/G ratio of 1.83 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the company posted $0.40 EPS. Advanced Micro Devices’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

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.