Asset Management One Co. Ltd. increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,273,609 shares of the semiconductor manufacturer’s stock after purchasing an additional 44,199 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.13% of Advanced Micro Devices worth $16,237,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of AMD. Bronfman E.L. Rothschild L.P. raised its holdings in Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after acquiring an additional 8,243 shares during the period. First Personal Financial Services bought a new position in Advanced Micro Devices in the 3rd quarter valued at about $127,000. 1492 Capital Management LLC bought a new position in Advanced Micro Devices in the 3rd quarter valued at about $128,000. Stratos Wealth Partners LTD. bought a new position in Advanced Micro Devices in the 3rd quarter valued at about $139,000. Finally, Ausdal Financial Partners Inc. bought a new position in Advanced Micro Devices in the 3rd quarter valued at about $139,000. 60.13% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on the stock. Jefferies Group restated a “buy” rating and set a $19.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 25th. BNP Paribas upgraded shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 12th. Bank of America restated a “buy” rating on shares of Advanced Micro Devices in a research report on Sunday, October 1st. TheStreet upgraded shares of Advanced Micro Devices from a “d” rating to a “c-” rating in a research report on Tuesday, October 24th. Finally, Morgan Stanley restated an “equal weight” rating and set a $6.00 target price on shares of Advanced Micro Devices in a research report on Thursday, August 31st. Seven analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.02.
In related news, insider Darla M. Smith sold 27,288 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $11.13, for a total value of $303,715.44. Following the completion of the transaction, the insider now owns 31,236 shares of the company’s stock, valued at approximately $347,656.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 82,709 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $13.62, for a total transaction of $1,126,496.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,162,283 shares of company stock worth $13,289,544 in the last quarter. 1.60% of the stock is currently owned by company insiders.
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About Advanced Micro Devices
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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