Advanced Micro Devices, Inc. (AMD) Position Lifted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,461,152 shares of the semiconductor manufacturer’s stock after acquiring an additional 284,051 shares during the period. Schwab Charles Investment Management Inc. owned 0.36% of Advanced Micro Devices worth $44,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new stake in Advanced Micro Devices in the second quarter valued at approximately $184,767,000. Vanguard Group Inc. raised its position in Advanced Micro Devices by 6.6% in the second quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock valued at $1,161,796,000 after purchasing an additional 5,797,819 shares during the period. CI Investments Inc. raised its position in Advanced Micro Devices by 312.3% in the third quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock valued at $93,367,000 after purchasing an additional 5,546,993 shares during the period. American Century Companies Inc. purchased a new stake in Advanced Micro Devices in the third quarter valued at approximately $49,674,000. Finally, Janus Henderson Group PLC raised its position in Advanced Micro Devices by 3,815.8% in the second quarter. Janus Henderson Group PLC now owns 3,833,805 shares of the semiconductor manufacturer’s stock valued at $47,845,000 after purchasing an additional 3,735,900 shares during the period. Hedge funds and other institutional investors own 60.02% of the company’s stock.

A number of analysts have issued reports on the company. Susquehanna Bancshares reissued a “neutral” rating and issued a $15.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, September 20th. BidaskClub lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday. Bank of America reissued a “buy” rating and issued a $18.00 target price on shares of Advanced Micro Devices in a research report on Thursday, August 24th. Barclays reissued an “underweight” rating and issued a $9.00 target price on shares of Advanced Micro Devices in a research report on Thursday, August 10th. Finally, Jefferies Group reissued a “buy” rating and issued a $11.12 target price (down previously from $19.00) on shares of Advanced Micro Devices in a research report on Friday, November 10th. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.02.

Advanced Micro Devices, Inc. (AMD) opened at $10.04 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61. Advanced Micro Devices, Inc. has a twelve month low of $9.42 and a twelve month high of $15.65.

In related news, SVP Harry A. Wolin sold 38,983 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $10.95, for a total value of $426,863.85. Following the transaction, the senior vice president now owns 969,858 shares of the company’s stock, valued at $10,619,945.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 82,709 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $13.62, for a total value of $1,126,496.58. The disclosure for this sale can be found here. Insiders sold 1,212,283 shares of company stock worth $14,579,544 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

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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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