Andra AP fonden Sells 44,100 Shares of Advanced Micro Devices, Inc. (AMD)

Andra AP fonden lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,400 shares of the semiconductor manufacturer’s stock after selling 44,100 shares during the period. Andra AP fonden’s holdings in Advanced Micro Devices were worth $1,420,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Edgestream Partners L.P. grew its position in shares of Advanced Micro Devices by 192.5% during the 3rd quarter. Edgestream Partners L.P. now owns 39,475 shares of the semiconductor manufacturer’s stock valued at $503,000 after buying an additional 25,980 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Advanced Micro Devices by 1,374.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 260,900 shares of the semiconductor manufacturer’s stock valued at $3,326,000 after buying an additional 243,200 shares during the last quarter. Linscomb & Williams Inc. bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $226,000. Fortaleza Asset Management Inc. bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $204,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $583,000. 58.63% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Forrest Eugene Norrod sold 25,701 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $11.21, for a total transaction of $288,108.21. Following the completion of the sale, the senior vice president now directly owns 729,971 shares of the company’s stock, valued at $8,182,974.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Harry A. Wolin sold 38,983 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $10.95, for a total transaction of $426,863.85. Following the sale, the senior vice president now directly owns 969,858 shares of the company’s stock, valued at $10,619,945.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,320,759 shares of company stock valued at $16,135,871. Company insiders own 1.60% of the company’s stock.

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Several research analysts have commented on the stock. BMO Capital Markets cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research report on Wednesday, July 26th. Jefferies Group LLC set a $19.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Stifel Nicolaus restated a “hold” rating and issued a $11.00 target price on shares of Advanced Micro Devices in a research report on Saturday, July 22nd. Deutsche Bank AG restated a “hold” rating and issued a $12.00 target price (up previously from $10.00) on shares of Advanced Micro Devices in a research report on Wednesday, July 26th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 20th. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.05.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) opened at $11.09 on Tuesday. Advanced Micro Devices, Inc. has a one year low of $6.61 and a one year high of $15.65. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.

Advanced Micro Devices Company 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.

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

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