State of Wisconsin Investment Board Buys 53,613 Shares of Advanced Micro Devices, Inc. (AMD)

State of Wisconsin Investment Board raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,017,746 shares of the semiconductor manufacturer’s stock after purchasing an additional 53,613 shares during the period. State of Wisconsin Investment Board owned 0.11% of Advanced Micro Devices worth $12,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. purchased a new stake in shares of Advanced Micro Devices in the second quarter worth approximately $184,767,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Advanced Micro Devices by 51.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 200,824 shares of the semiconductor manufacturer’s stock worth $2,506,000 after buying an additional 68,462 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Advanced Micro Devices by 20.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,983 shares of the semiconductor manufacturer’s stock worth $1,997,000 after buying an additional 27,233 shares during the period. KBC Group NV raised its holdings in shares of Advanced Micro Devices by 16.0% in the second quarter. KBC Group NV now owns 106,877 shares of the semiconductor manufacturer’s stock worth $1,334,000 after buying an additional 14,715 shares during the period. Finally, TB Alternative Assets Ltd. purchased a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $956,000. Institutional investors and hedge funds own 58.63% of the company’s stock.

In related news, SVP James Robert Anderson sold 20,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $12.10, for a total value of $242,000.00. Following the completion of the transaction, the senior vice president now owns 533,773 shares in the company, valued at approximately $6,458,653.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 325,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $12.46, for a total value of $4,049,500.00. Following the completion of the transaction, the chief executive officer now owns 2,037,139 shares of the company’s stock, valued at approximately $25,382,751.94. The disclosure for this sale can be found here. Insiders have sold a total of 1,312,587 shares of company stock valued at $16,030,861 in the last quarter. Company insiders own 1.60% of the company’s stock.

Several research analysts have commented on the company. Jefferies Group LLC set a $19.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a report on Wednesday, July 26th. Bank of America Corporation set a $18.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a report on Wednesday, July 26th. Mizuho restated a “buy” rating and set a $17.00 price objective (up from $15.00) on shares of Advanced Micro Devices in a report on Wednesday, July 26th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, July 18th. Finally, Zacks Investment Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Monday, July 31st. Six analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Advanced Micro Devices currently has an average rating of “Hold” and a consensus price target of $14.05.

Advanced Micro Devices, Inc. (AMD) opened at $11.12 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $6.79 and a 52 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.

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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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