Advanced Micro Devices, Inc. (AMD) Position Trimmed by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 38.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,459 shares of the semiconductor manufacturer’s stock after selling 10,787 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in Advanced Micro Devices were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake 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 in the last quarter. Baillie Gifford & Co. purchased a new position in shares of Advanced Micro Devices during the second quarter worth approximately $184,767,000. Legal & General Group Plc raised its stake in shares of Advanced Micro Devices by 12.2% during the second quarter. Legal & General Group Plc now owns 3,927,691 shares of the semiconductor manufacturer’s stock worth $49,018,000 after acquiring an additional 428,379 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Advanced Micro Devices by 3,815.8% during the second quarter. Janus Henderson Group PLC now owns 3,833,805 shares of the semiconductor manufacturer’s stock worth $47,845,000 after acquiring an additional 3,735,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Advanced Micro Devices by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,675,249 shares of the semiconductor manufacturer’s stock worth $53,472,000 after acquiring an additional 269,478 shares in the last quarter. 59.10% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $13.14, for a total transaction of $525,600,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $12.04, for a total value of $240,800.00. Following the sale, the senior vice president now directly owns 493,773 shares in the company, valued at approximately $5,945,026.92. The disclosure for this sale can be found here. Insiders have sold a total of 41,367,254 shares of company stock worth $542,769,862 in the last three months. Corporate insiders own 1.60% of the company’s stock.

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Several research analysts have commented on AMD shares. BNP Paribas raised shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 12th. Bank of America Corporation reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Sunday, October 1st. Morgan Stanley reissued an “equal weight” rating and set a $6.00 price target on shares of Advanced Micro Devices in a research note on Thursday, August 31st. Jefferies Group LLC set a $19.00 price target on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, Barclays PLC downgraded shares of Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and set a $9.00 price target on the stock. in a research note on Tuesday, July 18th. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.36.

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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