State of Tennessee Treasury Department Sells 86,237 Shares of Advanced Micro Devices, Inc. (AMD)

State of Tennessee Treasury Department cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 484,146 shares of the semiconductor manufacturer’s stock after selling 86,237 shares during the quarter. State of Tennessee Treasury Department owned 0.05% of Advanced Micro Devices worth $6,042,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its stake in shares of Advanced Micro Devices by 0.6% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 2,003,892 shares of the semiconductor manufacturer’s stock valued at $25,009,000 after acquiring an additional 11,765 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Advanced Micro Devices by 6.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,200 shares of the semiconductor manufacturer’s stock valued at $277,000 after acquiring an additional 1,300 shares during the last quarter. Swiss National Bank increased its stake in shares of Advanced Micro Devices by 7.8% in the 2nd quarter. Swiss National Bank now owns 3,009,700 shares of the semiconductor manufacturer’s stock valued at $37,561,000 after acquiring an additional 217,300 shares during the last quarter. Pacad Investment Ltd. bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $10,772,000. Finally, Greenwood Capital Associates LLC increased its stake in shares of Advanced Micro Devices by 55.6% in the 2nd quarter. Greenwood Capital Associates LLC now owns 23,892 shares of the semiconductor manufacturer’s stock valued at $298,000 after acquiring an additional 8,537 shares during the last quarter. 59.15% of the stock is owned by institutional investors.

In other news, SVP James Robert Anderson sold 160,122 shares of the stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $12.48, for a total transaction of $1,998,322.56. Following the transaction, the senior vice president now directly owns 622,485 shares in the company, valued at approximately $7,768,612.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Darla M. Smith sold 11,810 shares of the 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 transaction, the chief accounting officer now owns 31,291 shares in the company, valued at $380,811.47. The disclosure for this sale can be found here. Insiders have sold a total of 41,847,415 shares of company stock worth $21,024,000,023,836,800 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

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Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 12.25 on Monday. The company has a 50 day moving average price of $12.98 and a 200-day moving average price of $12.89. The company’s market cap is $11.60 billion. Advanced Micro Devices, Inc. has a 12 month low of $5.66 and a 12 month high of $15.65.

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

A number of analysts recently issued reports on AMD shares. Mizuho reissued a “buy” rating and set a $14.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 17th. Canaccord Genuity reissued a “buy” rating and set a $17.00 target price on shares of Advanced Micro Devices in a research note on Friday, May 19th. Rosenblatt Securities reissued a “buy” rating and set a $20.00 target price on shares of Advanced Micro Devices in a research note on Monday, May 15th. Jefferies Group LLC reissued a “buy” rating and set a $16.00 target price on shares of Advanced Micro Devices in a research note on Friday, June 2nd. Finally, BMO Capital Markets reissued a “buy” rating and set a $15.00 target price on shares of Advanced Micro Devices in a research note on Monday, June 12th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.98.

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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