Columbus Circle Investors Takes $7.24 Million Position in Advanced Micro Devices, Inc. (AMD)

Columbus Circle Investors bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 567,436 shares of the semiconductor manufacturer’s stock, valued at approximately $7,235,000. Columbus Circle Investors owned about 0.06% of Advanced Micro Devices at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Coldstream Capital Management Inc. grew its stake in shares of Advanced Micro Devices by 0.3% in the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after purchasing an additional 60 shares during the last quarter. Wealthfront Inc. boosted its position in Advanced Micro Devices by 0.5% during the 2nd quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock valued at $250,000 after acquiring an additional 104 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Advanced Micro Devices by 0.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock valued at $875,000 after acquiring an additional 272 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Advanced Micro Devices by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock valued at $718,000 after acquiring an additional 348 shares in the last quarter. Finally, National Planning Corp boosted its position in Advanced Micro Devices by 4.9% during the 2nd quarter. National Planning Corp now owns 12,890 shares of the semiconductor manufacturer’s stock valued at $157,000 after acquiring an additional 600 shares in the last quarter. 60.87% of the stock is currently owned by institutional investors.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded up $0.12 during mid-day trading on Tuesday, hitting $11.46. 16,305,757 shares of the stock were exchanged, compared to its average volume of 68,213,672. Advanced Micro Devices, Inc. has a 12-month low of $8.26 and a 12-month high of $15.65. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61.

In related news, SVP James Robert Anderson sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $12.10, for a total value of $242,000.00. Following the completion of the transaction, the senior vice president now owns 533,773 shares of the company’s stock, valued at approximately $6,458,653.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 325,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $12.46, for a total transaction of $4,049,500.00. Following the completion of the transaction, the chief executive officer now directly owns 2,037,139 shares of the company’s stock, valued at approximately $25,382,751.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,165,412 shares of company stock valued at $14,237,826. Insiders own 1.60% of the company’s stock.

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AMD has been the topic of several research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 25th. TheStreet raised Advanced Micro Devices from a “d” rating to a “c-” rating in a research report on Tuesday, October 24th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, July 28th. Robert W. Baird initiated coverage on Advanced Micro Devices in a research report on Wednesday, July 26th. They set an “outperform” rating and a $20.00 price objective on the stock. Finally, Morgan Stanley cut Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $8.00 to $11.00 in a research report on Monday, October 30th. Six investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.05.

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

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