Edgestream Partners L.P. Acquires 25,980 Shares of Advanced Micro Devices, Inc. (AMD)

Edgestream Partners L.P. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 192.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,475 shares of the semiconductor manufacturer’s stock after purchasing an additional 25,980 shares during the period. Edgestream Partners L.P.’s holdings in Advanced Micro Devices were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. K.J. Harrison & Partners Inc acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at about $125,000. CAPROCK Group Inc. acquired a new position in Advanced Micro Devices in the 3rd quarter valued at about $140,000. Regal Investment Advisors LLC acquired a new position in Advanced Micro Devices in the 2nd quarter valued at about $137,000. Global X Management Co. LLC acquired a new position in Advanced Micro Devices in the 2nd quarter valued at about $143,000. Finally, IBM Retirement Fund acquired a new position in Advanced Micro Devices in the 2nd quarter valued at about $153,000. 59.10% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on AMD shares. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Advanced Micro Devices in a report on Thursday, July 6th. Bank of America Corporation reiterated a “buy” rating and issued a $16.50 target price on shares of Advanced Micro Devices in a report on Friday, July 7th. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a report on Monday, July 17th. Barclays PLC lowered shares of Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and set a $9.00 target price on the stock. in a report on Tuesday, July 18th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 target price on shares of Advanced Micro Devices in a report on Tuesday, July 18th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.36.

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In other Advanced Micro Devices news, SVP James Robert Anderson sold 130,217 shares of Advanced Micro Devices stock in a transaction on Friday, August 4th. The shares were sold at an average price of $13.18, for a total value of $1,716,260.06. Following the completion of the transaction, the senior vice president now owns 668,793 shares of the company’s stock, valued at $8,814,691.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 82,709 shares of Advanced Micro Devices stock in a transaction on Monday, October 9th. The stock was 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. In the last ninety days, insiders sold 41,367,254 shares of company stock valued at $542,769,862. 1.60% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Company 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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