Baillie Gifford & Co. Takes Position in Advanced Micro Devices, Inc. (AMD)

Baillie Gifford & Co. purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,804,991 shares of the semiconductor manufacturer’s stock, valued at approximately $184,767,000. Baillie Gifford & Co. owned about 1.57% of Advanced Micro Devices at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. CI Investments Inc. boosted its stake in Advanced Micro Devices by 7.8% during the second quarter. CI Investments Inc. now owns 1,775,900 shares of the semiconductor manufacturer’s stock valued at $22,163,000 after buying an additional 127,800 shares during the last quarter. Systematic Financial Management LP bought a new position in Advanced Micro Devices during the second quarter valued at approximately $1,016,000. Private Advisor Group LLC boosted its stake in Advanced Micro Devices by 32.4% during the second quarter. Private Advisor Group LLC now owns 16,928 shares of the semiconductor manufacturer’s stock valued at $234,000 after buying an additional 4,141 shares during the last quarter. Tredje AP fonden boosted its stake in Advanced Micro Devices by 207.3% during the second quarter. Tredje AP fonden now owns 160,490 shares of the semiconductor manufacturer’s stock valued at $2,003,000 after buying an additional 108,270 shares during the last quarter. Finally, IFM Investors Pty Ltd bought a new position in Advanced Micro Devices during the second quarter valued at approximately $288,000. 59.15% of the stock is owned by institutional investors.

In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of Advanced Micro Devices stock in a transaction on Friday, August 4th. The shares were sold at an average price of $525,600,000.00, for a total transaction of $21,024,000,000,000,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP James Robert Anderson sold 160,122 shares of Advanced Micro Devices stock in a transaction on Monday, June 19th. The shares were sold at an average price of $12.48, for a total transaction of $1,998,322.56. Following the transaction, the senior vice president now owns 622,485 shares in the company, valued at approximately $7,768,612.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,234,915 shares of company stock worth $21,024,000,028,653,200. 1.60% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: This story was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.truebluetribune.com/2017/09/17/14804991-shares-in-advanced-micro-devices-inc-amd-acquired-by-baillie-gifford-co.html.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded up 2.12% during mid-day trading on Friday, reaching $12.52. The company’s stock had a trading volume of 50,337,411 shares. The stock’s market capitalization is $11.85 billion. The company’s 50-day moving average is $12.72 and its 200-day moving average is $12.81. Advanced Micro Devices, Inc. has a 52 week low of $6.08 and a 52 week high of $15.65.

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

A number of equities research analysts have issued reports on the company. Jefferies Group LLC restated a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, September 12th. Canaccord Genuity restated a “buy” rating and set a $20.00 price objective on shares of Advanced Micro Devices in a research report on Friday, September 8th. Morgan Stanley restated an “equal weight” rating and set a $6.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, August 31st. Bank of America Corporation restated a “buy” rating and set a $18.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, August 24th. Finally, Rosenblatt Securities restated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, August 23rd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.98.

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)

Receive News & Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply