Fox Run Management L.L.C. purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 70,625 shares of the semiconductor manufacturer’s stock, valued at approximately $726,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. raised its position 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 worth $111,000 after buying an additional 8,243 shares during the last quarter. First Personal Financial Services purchased a new position in Advanced Micro Devices in the 3rd quarter worth about $127,000. 1492 Capital Management LLC purchased a new position in Advanced Micro Devices in the 3rd quarter worth about $128,000. Cetera Investment Advisers purchased a new position in Advanced Micro Devices in the 3rd quarter worth about $137,000. Finally, Ausdal Financial Partners Inc. purchased a new position in Advanced Micro Devices in the 3rd quarter worth about $139,000. 60.09% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on AMD. BidaskClub lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Susquehanna Bancshares decreased their target price on Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Group reissued a “buy” rating and issued a $19.00 target price on shares of Advanced Micro Devices in a research report on Friday, November 10th. Loop Capital reissued a “hold” rating and issued a $13.00 target price (down previously from $14.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 25th. Finally, Macquarie raised Advanced Micro Devices from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $10.29 to $10.47 in a research report on Monday, December 18th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have issued a buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Hold” and an average target price of $14.56.
Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) opened at $12.59 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $9.67 and a 52 week high of $15.65. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61.
In other Advanced Micro Devices news, insider Mark D. Papermaster sold 34,330 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total transaction of $364,584.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark D. Papermaster sold 20,000 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $10.51, for a total value of $210,200.00. Following the sale, the senior vice president now owns 945,189 shares of the company’s stock, valued at $9,933,936.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,759,990 shares of company stock valued at $19,885,753. Corporate insiders own 1.60% of the company’s stock.
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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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