Ray Gerald L & Associates Ltd. Takes Position in Advanced Micro Devices, Inc. (AMD)

Ray Gerald L & Associates Ltd. bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 153,555 shares of the semiconductor manufacturer’s stock, valued at approximately $1,958,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Dimensional Fund Advisors LP grew its stake in Advanced Micro Devices by 7.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,675,249 shares of the semiconductor manufacturer’s stock valued at $53,472,000 after acquiring an additional 269,478 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Advanced Micro Devices during the first quarter valued at approximately $216,000. HighTower Advisors LLC grew its stake in Advanced Micro Devices by 24.5% during the first quarter. HighTower Advisors LLC now owns 39,270 shares of the semiconductor manufacturer’s stock valued at $572,000 after acquiring an additional 7,732 shares in the last quarter. Janus Capital Management LLC purchased a new position in Advanced Micro Devices during the first quarter valued at approximately $10,563,000. Finally, Public Employees Retirement System of Ohio grew its stake in Advanced Micro Devices by 441.7% during the first quarter. Public Employees Retirement System of Ohio now owns 192,613 shares of the semiconductor manufacturer’s stock valued at $2,803,000 after acquiring an additional 157,057 shares in the last quarter. Hedge funds and other institutional investors own 59.10% of the company’s stock.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) traded up $0.27 during midday trading on Friday, reaching $11.12. 43,989,491 shares of the company’s stock traded hands, compared to its average volume of 63,809,472. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. Advanced Micro Devices, Inc. has a 1-year low of $6.22 and a 1-year high of $15.65.

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In other news, CAO Darla M. Smith sold 11,810 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $12.17, for a total value of $143,727.70. Following the sale, the chief accounting officer now directly owns 31,291 shares of the company’s stock, valued at approximately $380,811.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Darla M. Smith sold 27,288 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $11.13, for a total transaction of $303,715.44. Following the completion of the sale, the insider now directly owns 31,236 shares in the company, valued at $347,656.68. The disclosure for this sale can be found here. Insiders sold a total of 1,264,325 shares of company stock valued at $15,757,317 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Several equities analysts recently commented on the stock. BMO Capital Markets cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a research note on Wednesday, July 26th. Barclays PLC reissued an “underweight” rating and issued a $9.00 price target on shares of Advanced Micro Devices in a research note on Thursday, August 10th. Wells Fargo & Company reissued an “outperform” rating on shares of Advanced Micro Devices in a research note on Wednesday, August 23rd. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, September 20th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $11.00 price target on shares of Advanced Micro Devices in a research note on Saturday, July 22nd. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Advanced Micro Devices currently has an average rating of “Hold” and a consensus target price of $14.36.

About Advanced Micro Devices

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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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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