Mutual of America Capital Management LLC Sells 337,663 Shares of Advanced Micro Devices, Inc. (AMD)

Mutual of America Capital Management LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 78.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,069 shares of the semiconductor manufacturer’s stock after selling 337,663 shares during the period. Mutual of America Capital Management LLC’s holdings in Advanced Micro Devices were worth $1,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new position in shares of Advanced Micro Devices during the second quarter valued at about $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Advanced Micro Devices by 51.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock worth $2,506,000 after purchasing an additional 68,462 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Advanced Micro Devices by 20.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock worth $1,997,000 after purchasing an additional 27,233 shares during the period. KBC Group NV grew its holdings in Advanced Micro Devices by 16.0% in the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after purchasing an additional 14,715 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Advanced Micro Devices by 48.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,363,776 shares of the semiconductor manufacturer’s stock valued at $29,500,000 after buying an additional 769,739 shares during the last quarter. Hedge funds and other institutional investors own 59.11% of the company’s stock.

A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. Northland Securities reiterated a “buy” rating and issued a $17.50 price target on shares of Advanced Micro Devices in a research report on Friday, June 23rd. Craig Hallum raised their price objective on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, June 22nd. Vetr cut shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $15.64 target price for the company. in a research note on Wednesday, June 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Advanced Micro Devices in a research note on Monday, June 26th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.93.

In related news, CEO Lisa T. Su sold 82,709 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $13.62, for a total transaction of $1,126,496.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $13.91, for a total value of $278,200.00. Following the sale, the senior vice president now directly owns 422,363 shares in the company, valued at $5,875,069.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,157,502 shares of company stock valued at $21,024,000,027,762,700. 1.60% of the stock is owned by company insiders.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at 14.16 on Wednesday. The stock has a 50 day moving average of $12.98 and a 200-day moving average of $12.73. The firm’s market capitalization is $13.41 billion. Advanced Micro Devices, Inc. has a 12 month low of $6.22 and a 12 month high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Advanced Micro Devices had a negative return on equity of 24.34% and a negative net margin of 11.82%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) EPS. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.

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Advanced Micro Devices 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.

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

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