Janus Henderson Group PLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 44.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,115,816 shares of the semiconductor manufacturer’s stock after selling 1,717,989 shares during the quarter. Janus Henderson Group PLC owned about 0.22% of Advanced Micro Devices worth $26,976,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Advanced Micro Devices by 6.6% during 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 acquiring an additional 5,797,819 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in Advanced Micro Devices during the second quarter valued at $184,767,000. CI Investments Inc. increased its position in Advanced Micro Devices by 312.3% during the third quarter. CI Investments Inc. now owns 7,322,893 shares of the semiconductor manufacturer’s stock valued at $93,367,000 after acquiring an additional 5,546,993 shares during the last quarter. Legal & General Group Plc increased its position in Advanced Micro Devices by 2.9% during the third quarter. Legal & General Group Plc now owns 4,041,764 shares of the semiconductor manufacturer’s stock valued at $51,531,000 after acquiring an additional 114,073 shares during the last quarter. Finally, American Century Companies Inc. purchased a new stake in Advanced Micro Devices during the third quarter valued at $49,674,000. 60.09% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP James Robert Anderson sold 20,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $12.04, for a total value of $240,800.00. Following the completion of the sale, the senior vice president now owns 493,773 shares of the company’s stock, valued at approximately $5,945,026.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Darla M. Smith sold 27,288 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $11.13, for a total value of $303,715.44. Following the completion of the sale, the insider now directly owns 31,236 shares of the company’s stock, valued at approximately $347,656.68. The disclosure for this sale can be found here. Insiders have sold a total of 1,394,194 shares of company stock worth $15,466,937 in the last ninety days. Insiders own 1.60% of the company’s stock.
Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded down $0.12 during midday trading on Friday, reaching $12.02. The company’s stock had a trading volume of 46,988,900 shares, compared to its average volume of 49,690,000. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. The company has a market cap of $11,600.00, a PE ratio of -150.25, a PEG ratio of 6.33 and a beta of 2.47. Advanced Micro Devices, Inc. has a 1-year low of $9.42 and a 1-year high of $15.65.
A number of analysts have commented on AMD shares. Credit Suisse Group upped their price target on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Jefferies Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Bank of America reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Sunday, October 1st. Goldman Sachs Group dropped their price objective on Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating for the company in a research note on Wednesday, November 29th. Finally, BNP Paribas raised Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 12th. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.73.
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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.
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