Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 84.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,167 shares of the semiconductor manufacturer’s stock after acquiring an additional 25,653 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Advanced Micro Devices were worth $9,111,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Chapin Davis Inc. grew its holdings in shares of Advanced Micro Devices by 613.4% in the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after purchasing an additional 10,544 shares in the last quarter. Gordian Capital Singapore Pte Ltd increased its holdings in Advanced Micro Devices by 77.4% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer’s stock worth $7,237,000 after purchasing an additional 21,417 shares during the period. Bank of New Hampshire raised its position in Advanced Micro Devices by 811.3% in the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer’s stock valued at $1,456,000 after purchasing an additional 7,180 shares in the last quarter. Bragg Financial Advisors Inc boosted its stake in shares of Advanced Micro Devices by 6.8% in the 4th quarter. Bragg Financial Advisors Inc now owns 86,129 shares of the semiconductor manufacturer’s stock valued at $12,696,000 after buying an additional 5,470 shares during the period. Finally, Aletheian Wealth Advisors LLC acquired a new position in shares of Advanced Micro Devices during the first quarter worth about $2,210,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the topic of several analyst reports. Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Cantor Fitzgerald dropped their target price on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Barclays dropped their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $155.95 on Monday. The company has a market cap of $252.06 billion, a P/E ratio of 229.34, a P/E/G ratio of 2.04 and a beta of 1.69. The business has a fifty day simple moving average of $146.77 and a 200-day simple moving average of $160.00. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

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

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The shares were 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 approximately $285,278,881.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

About Advanced Micro Devices

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.