Ardsley Advisory Partners bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the semiconductor manufacturer’s stock, valued at approximately $312,000.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. purchased a new position in Advanced Micro Devices in the 2nd quarter valued at approximately $184,767,000. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 93,092,619 shares of the semiconductor manufacturer’s stock valued at $1,161,796,000 after buying an additional 5,797,819 shares during the period. Janus Henderson Group PLC boosted its position in Advanced Micro Devices by 3,815.8% in the 2nd quarter. Janus Henderson Group PLC now owns 3,833,805 shares of the semiconductor manufacturer’s stock valued at $47,845,000 after buying an additional 3,735,900 shares during the period. Russell Investments Group Ltd. boosted its position in Advanced Micro Devices by 3,444.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,373,388 shares of the semiconductor manufacturer’s stock valued at $42,109,000 after buying an additional 3,278,224 shares during the period. Finally, Quantitative Investment Management LLC purchased a new position in Advanced Micro Devices in the 2nd quarter valued at approximately $36,189,000. Hedge funds and other institutional investors own 59.11% of the company’s stock.

WARNING: This report was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://theolympiareport.com/2017/10/18/ardsley-advisory-partners-takes-312000-position-in-advanced-micro-devices-inc-amd.html.

Shares of Advanced Micro Devices, Inc. (AMD) traded down 1.4767% on Wednesday, hitting $13.9509. 23,153,562 shares of the stock were exchanged. Advanced Micro Devices, Inc. has a one year low of $6.22 and a one year high of $15.65. The firm’s market cap is $13.21 billion. The firm’s 50 day moving average price is $12.98 and its 200 day moving average price is $12.73.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted ($0.05) EPS. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post $0.10 earnings per share for the current year.

AMD has been the subject of several recent research reports. BNP Paribas raised shares of Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 12th. Craig Hallum raised their price target on shares of Advanced Micro Devices from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, June 22nd. Bank of America Corporation reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Sunday, October 1st. Canaccord Genuity raised their price target on shares of Advanced Micro Devices from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, June 21st. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $15.00 price target on shares of Advanced Micro Devices in a research report on Friday, June 30th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $13.93.

In related news, Director Mubadala Investment Co Pjsc sold 40,000,000 shares of Advanced Micro Devices stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $525,600,000.00, for a total value of $21,024,000,000,000,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 82,709 shares of Advanced Micro Devices stock in a transaction dated Monday, October 9th. The shares were 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. Over the last 90 days, insiders sold 42,157,502 shares of company stock worth $21,024,000,027,762,700. Insiders own 1.60% of the company’s stock.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD).

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

Receive News & Ratings for Advanced Micro Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.