Graham Capital Management L.P. Has $1.05 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Graham Capital Management L.P. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 383.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,689 shares of the semiconductor manufacturer's stock after buying an additional 6,890 shares during the period. Graham Capital Management L.P.'s holdings in Advanced Micro Devices were worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Advanced Micro Devices during the fourth quarter valued at $65,897,000. Enzi Wealth acquired a new position in Advanced Micro Devices during the fourth quarter valued at $569,000. Welch Group LLC raised its position in Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock valued at $6,179,000 after buying an additional 2,981 shares during the period. Stonegate Investment Group LLC raised its position in Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock valued at $61,896,000 after buying an additional 145,067 shares during the period. Finally, Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Up 4.0%

Advanced Micro Devices stock opened at $112.46 on Wednesday. The business has a 50 day moving average price of $97.81 and a two-hundred day moving average price of $115.78. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market cap of $182.34 billion, a price-to-earnings ratio of 113.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

AMD has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Citigroup restated a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, April 16th. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. StockNews.com upgraded Advanced Micro Devices from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Loop Capital lowered their target price on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $131.13.

Advanced Micro Devices Company 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.

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