Swiss National Bank lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,939,700 shares of the semiconductor manufacturer’s stock after selling 102,500 shares during the period. Swiss National Bank’s holdings in Advanced Micro Devices were worth $90,807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. MinichMacGregor Wealth Management LLC raised its position in Advanced Micro Devices by 257.7% in the third quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $101,000 after purchasing an additional 2,319 shares in the last quarter. Valeo Financial Advisors LLC raised its position in Advanced Micro Devices by 953.4% in the second quarter. Valeo Financial Advisors LLC now owns 6,847 shares of the semiconductor manufacturer’s stock worth $135,000 after purchasing an additional 6,197 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Advanced Micro Devices in the second quarter worth about $140,000. WealthTrust Axiom LLC acquired a new position in Advanced Micro Devices in the second quarter worth about $149,000. Finally, Wealthsource Partners LLC acquired a new position in Advanced Micro Devices in the second quarter worth about $151,000. Institutional investors and hedge funds own 64.24% of the company’s stock.

In related news, SVP Harry A. Wolin sold 391,046 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $24.75, for a total value of $9,678,388.50. Following the completion of the sale, the senior vice president now owns 1,517,922 shares of the company’s stock, valued at $37,568,569.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Devinder Kumar sold 32,829 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $24.42, for a total transaction of $801,684.18. Following the completion of the sale, the chief financial officer now directly owns 697,643 shares of the company’s stock, valued at approximately $17,036,442.06. The disclosure for this sale can be found here. In the last three months, insiders sold 1,311,928 shares of company stock valued at $32,151,214. 1.80% of the stock is currently owned by company insiders.

AMD has been the subject of several recent research reports. Wells Fargo & Co reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Thursday, July 26th. Mizuho reissued a “buy” rating and issued a $20.00 price target on shares of Advanced Micro Devices in a research report on Thursday, July 26th. BMO Capital Markets reaffirmed a “hold” rating and set a $14.00 price objective on shares of Advanced Micro Devices in a report on Thursday, July 26th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Thursday, July 26th. Finally, Cowen reaffirmed an “outperform” rating and set a $25.00 price objective (up previously from $21.00) on shares of Advanced Micro Devices in a report on Thursday, July 26th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Advanced Micro Devices currently has an average rating of “Hold” and a consensus price target of $23.65.

Shares of Advanced Micro Devices stock opened at $20.50 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.76 and a quick ratio of 1.37. The company has a market capitalization of $20.65 billion, a P/E ratio of 258.25, a P/E/G ratio of 4.25 and a beta of 3.64. Advanced Micro Devices, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. Advanced Micro Devices’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 0.35 earnings per share for the current fiscal year.

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Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; 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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