Pinebridge Investments L.P. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 50,458 shares of the semiconductor manufacturer’s stock, valued at approximately $643,000.
A number of other hedge funds also recently bought and sold shares of AMD. Vanguard Group Inc. increased its holdings in shares of Advanced Micro Devices by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock valued at $1,161,796,000 after acquiring an additional 5,797,819 shares during the last quarter. Baillie Gifford & Co. purchased a new position in Advanced Micro Devices during the 2nd quarter worth approximately $184,767,000. CI Investments Inc. grew its stake in Advanced Micro Devices by 312.3% during the 3rd quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock worth $93,367,000 after buying an additional 5,546,993 shares during the last quarter. Legal & General Group Plc grew its stake in Advanced Micro Devices by 2.9% during the 3rd quarter. Legal & General Group Plc now owns 4,041,764 shares of the semiconductor manufacturer’s stock worth $51,531,000 after buying an additional 114,073 shares during the last quarter. Finally, American Century Companies Inc. purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $49,674,000. 60.09% of the stock is currently owned by institutional investors.
Shares of Advanced Micro Devices, Inc. (AMD) traded up $0.70 during trading hours on Tuesday, hitting $10.98. The stock had a trading volume of 44,087,464 shares, compared to its average volume of 40,020,000. Advanced Micro Devices, Inc. has a one year low of $9.42 and a one year high of $15.65. The firm has a market cap of $10,590.00, a P/E ratio of -137.25, a PEG ratio of 79.59 and a beta of 2.46. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20.
Several brokerages have weighed in on AMD. BidaskClub downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Macquarie raised Advanced Micro Devices from an “underperform” rating to a “neutral” rating and raised their price target for the company from $10.29 to $10.47 in a report on Monday, December 18th. Goldman Sachs Group reduced their price target on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating for the company in a report on Wednesday, November 29th. Mizuho reaffirmed a “buy” rating and set a $17.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, November 28th. Finally, Bank of America reaffirmed a “buy” rating and set a $18.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, November 14th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.73.
In other news, CAO Darla M. Smith sold 18,001 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $11.37, for a total value of $204,671.37. Following the transaction, the chief accounting officer now directly owns 19,078 shares of the company’s stock, valued at $216,916.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark D. Papermaster sold 20,000 shares of the company’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $10.51, for a total transaction of $210,200.00. Following the completion of the transaction, the senior vice president now directly owns 945,189 shares in the company, valued at $9,933,936.39. The disclosure for this sale can be found here. Insiders have sold a total of 1,414,403 shares of company stock valued at $15,867,809 in the last quarter. Insiders own 1.60% of the company’s stock.
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.
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