Quentec Asset Management LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 310,000 shares of the semiconductor manufacturer’s stock, valued at approximately $3,952,000. Advanced Micro Devices makes up 0.4% of Quentec Asset Management LLC’s holdings, making the stock its 21st largest holding.

Other institutional investors have also bought and sold shares of the company. Coldstream Capital Management Inc. raised its position in shares of Advanced Micro Devices by 0.3% during the second quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after purchasing an additional 60 shares during the period. Wealthfront Inc. raised its position in shares of Advanced Micro Devices by 0.5% during the second quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after purchasing an additional 104 shares during the period. Neuberger Berman Group LLC raised its position in shares of Advanced Micro Devices by 0.4% during the second quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after purchasing an additional 272 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Advanced Micro Devices by 0.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 348 shares during the period. Finally, National Planning Corp raised its position in shares of Advanced Micro Devices by 4.9% during the second quarter. National Planning Corp now owns 12,890 shares of the semiconductor manufacturer’s stock worth $157,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 60.02% of the company’s stock.

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at $10.00 on Thursday. Advanced Micro Devices, Inc. has a 12-month low of $9.24 and a 12-month high of $15.65. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 2.61.

A number of equities analysts have recently weighed in on AMD shares. Credit Suisse Group upped their target price on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Advanced Micro Devices in a research report on Wednesday, August 23rd. Jefferies Group reaffirmed a “buy” rating and set a $19.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 25th. Bank of America reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Sunday, October 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a research report on Friday, September 8th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.02.

In other news, insider Darla M. Smith sold 27,288 shares of the stock in a transaction on 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 transaction, the insider now owns 31,236 shares in the company, valued at approximately $347,656.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $12.27, for a total value of $766,875.00. Following the transaction, the senior vice president now owns 731,461 shares of the company’s stock, valued at approximately $8,975,026.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,274,783 shares of company stock valued at $15,346,419. Insiders own 1.60% of the company’s stock.

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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.

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

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