Advanced Micro Devices, Inc. (AMD) Holdings Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 44.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new stake in Advanced Micro Devices during the second quarter worth about $184,767,000. Vanguard Group Inc. increased its stake 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 worth $1,161,796,000 after purchasing an additional 5,797,819 shares during the period. CI Investments Inc. increased its stake 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 worth $93,367,000 after purchasing an additional 5,546,993 shares during the period. American Century Companies Inc. purchased a new stake in Advanced Micro Devices during the third quarter worth about $49,674,000. Finally, Quantitative Investment Management LLC purchased a new stake in Advanced Micro Devices during the second quarter worth about $36,189,000. 60.09% of the stock is currently owned by institutional investors.

Shares of Advanced Micro Devices, Inc. (AMD) opened at $10.89 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $9.42 and a fifty-two week high of $15.65. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.20 and a current ratio of 1.70.

In related news, CEO Lisa T. Su sold 300,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $12.04, for a total transaction of $3,612,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,157,362 shares of the company’s stock, valued at $25,974,638.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Darla M. Smith sold 18,001 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $11.37, for a total value of $204,671.37. Following the sale, the chief accounting officer now directly owns 19,078 shares of the company’s stock, valued at $216,916.86. The disclosure for this sale can be found here. Insiders sold 1,217,283 shares of company stock valued at $13,776,594 over the last three months. Corporate insiders own 1.60% of the company’s stock.

A number of analysts have issued reports on AMD shares. Credit Suisse Group boosted their price target on shares of Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Jefferies Group restated a “buy” rating and set a $19.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. Bank of America restated a “buy” rating on shares of Advanced Micro Devices in a research note on Sunday, October 1st. Canaccord Genuity restated a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a research note on Friday, September 8th. Finally, Goldman Sachs Group cut their target price on shares of Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a research note on Wednesday, November 29th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.40.

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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.

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

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