Advanced Micro Devices, Inc. (AMD) Stake Decreased by American International Group Inc.

American International Group Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 239,941 shares of the semiconductor manufacturer’s stock after selling 23,743 shares during the quarter. American International Group Inc.’s holdings in Advanced Micro Devices were worth $3,059,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp increased its holdings in Advanced Micro Devices by 72.6% during the 3rd quarter. Van ECK Associates Corp now owns 1,629,419 shares of the semiconductor manufacturer’s stock worth $20,775,000 after purchasing an additional 685,479 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Advanced Micro Devices by 36.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 152,894 shares of the semiconductor manufacturer’s stock worth $1,950,000 after purchasing an additional 40,559 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after purchasing an additional 8,243 shares during the period. Norinchukin Bank The increased its holdings in Advanced Micro Devices by 11.4% during the 3rd quarter. Norinchukin Bank The now owns 59,898 shares of the semiconductor manufacturer’s stock worth $764,000 after purchasing an additional 6,123 shares during the period. Finally, ING Groep NV purchased a new position in Advanced Micro Devices during the 3rd quarter worth $411,000. Hedge funds and other institutional investors own 60.02% of the company’s stock.

In other news, CEO Lisa T. Su sold 325,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $12.46, for a total value of $4,049,500.00. Following the completion of the sale, the chief executive officer now owns 2,037,139 shares of the company’s stock, valued at approximately $25,382,751.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 300,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $12.04, for a total value of $3,612,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,157,362 shares of the company’s stock, valued at approximately $25,974,638.48. The disclosure for this sale can be found here. Insiders sold a total of 1,212,283 shares of company stock valued at $14,579,544 in the last three months. Insiders own 1.60% of the company’s stock.

Shares of Advanced Micro Devices, Inc. (AMD) opened at $10.04 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61. Advanced Micro Devices, Inc. has a 52-week low of $9.42 and a 52-week high of $15.65.

Several research firms have commented on AMD. BidaskClub downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday. Goldman Sachs Group reduced their price objective on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a report on Wednesday, November 29th. Mizuho reaffirmed a “buy” rating and set a $17.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, November 28th. Bank of America reaffirmed a “buy” rating and set a $18.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, November 14th. Finally, Zacks Investment Research cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Seven investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.02.

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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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