WINTON GROUP Ltd Sells 33,033 Shares of Advanced Micro Devices, Inc. (AMD)

WINTON GROUP Ltd lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 65.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 17,400 shares of the semiconductor manufacturer’s stock after selling 33,033 shares during the period. WINTON GROUP Ltd’s holdings in Advanced Micro Devices were worth $261,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Coldstream Capital Management Inc. boosted its holdings in Advanced Micro Devices by 22.1% in the first quarter. Coldstream Capital Management Inc. now owns 22,570 shares of the semiconductor manufacturer’s stock worth $227,000 after acquiring an additional 4,085 shares in the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of Advanced Micro Devices by 17.3% in the second quarter. First Allied Advisory Services Inc. now owns 27,985 shares of the semiconductor manufacturer’s stock valued at $415,000 after purchasing an additional 4,126 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $275,000. CIBC Asset Management Inc lifted its holdings in shares of Advanced Micro Devices by 5.6% in the second quarter. CIBC Asset Management Inc now owns 82,559 shares of the semiconductor manufacturer’s stock valued at $1,238,000 after purchasing an additional 4,344 shares in the last quarter. Finally, Thompson Davis & CO. Inc. lifted its holdings in shares of Advanced Micro Devices by 59.3% in the second quarter. Thompson Davis & CO. Inc. now owns 11,750 shares of the semiconductor manufacturer’s stock valued at $176,000 after purchasing an additional 4,375 shares in the last quarter. Institutional investors and hedge funds own 65.96% of the company’s stock.

Shares of AMD opened at $27.35 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.66 and a quick ratio of 1.26. The company has a market cap of $30.11 billion, a P/E ratio of 341.88, a price-to-earnings-growth ratio of 6.00 and a beta of 3.10. Advanced Micro Devices, Inc. has a 12 month low of $9.04 and a 12 month high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Wednesday, July 25th. The semiconductor manufacturer reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.72 billion. Advanced Micro Devices had a return on equity of 52.84% and a net margin of 5.04%. Advanced Micro Devices’s revenue was up 52.6% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 0.37 EPS for the current year.

In other Advanced Micro Devices news, insider Mark D. Papermaster sold 50,000 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $32.51, for a total value of $1,625,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Devinder Kumar sold 113,519 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $19.37, for a total value of $2,198,863.03. The disclosure for this sale can be found here. Insiders have sold 24,760,400 shares of company stock valued at $484,346,146 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on AMD shares. BidaskClub upgraded Advanced Micro Devices from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 13th. Cowen raised their target price on Advanced Micro Devices from $18.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, June 15th. Morgan Stanley raised their target price on Advanced Micro Devices from $8.00 to $11.00 and gave the company an “underweight” rating in a report on Wednesday, June 20th. Bank of America raised their target price on Advanced Micro Devices from $17.00 to $20.00 and gave the company a “buy” rating in a report on Monday, June 25th. Finally, Benchmark started coverage on Advanced Micro Devices in a report on Tuesday, June 26th. They issued a “hold” rating on the stock. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $23.58.

About Advanced Micro Devices

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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