ING Groep NV purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,271 shares of the semiconductor manufacturer’s stock, valued at approximately $411,000.
A number of other hedge funds also recently modified their holdings of the stock. Coldstream Capital Management Inc. increased its position in Advanced Micro Devices by 0.3% during 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. grew its stake in Advanced Micro Devices by 0.5% during the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after buying an additional 104 shares during the period. Neuberger Berman Group LLC grew its stake in Advanced Micro Devices by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after buying an additional 272 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Advanced Micro Devices by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock worth $718,000 after buying an additional 348 shares during the period. Finally, National Planning Corp grew its stake in Advanced Micro Devices by 4.9% during the second quarter. National Planning Corp now owns 12,890 shares of the semiconductor manufacturer’s stock worth $157,000 after buying an additional 600 shares during the period. 60.02% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Harry A. Wolin sold 38,983 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $10.95, for a total value of $426,863.85. Following the completion of the transaction, the senior vice president now owns 969,858 shares in the company, valued at approximately $10,619,945.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Devinder Kumar sold 113,519 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $11.04, for a total transaction of $1,253,249.76. 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 quarter. 1.60% of the stock is currently owned by insiders.
Advanced Micro Devices, Inc. (AMD) traded down $0.10 during mid-day trading on Friday, hitting $9.94. 34,582,737 shares of the company were exchanged, compared to its average volume of 42,917,992. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70. Advanced Micro Devices, Inc. has a 1-year low of $9.42 and a 1-year high of $15.65.
Several equities research analysts have issued reports on AMD shares. Jefferies Group reiterated a “buy” rating and set a $19.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. TheStreet upgraded shares of Advanced Micro Devices from a “d” rating to a “c-” rating in a research note on Tuesday, October 24th. Morgan Stanley downgraded shares of Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $8.00 to $11.00 in a research note on Monday, October 30th. Canaccord Genuity restated a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a research note on Friday, September 8th. Finally, Goldman Sachs Group decreased their target price on shares of 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. Seven research 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 currently has a consensus rating of “Hold” and an average price target of $14.02.
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.