Ownership Action to Note: Institutional Investors Sentiment Indicator of Advanced Micro Devices Inc (NASDAQ:AMD) Increases in Q2 2016

December 1, 2016 - By Pete Kolinski   ·   0 Comments

Ownership Action to Note: Institutional Investors Sentiment Indicator of Advanced Micro Devices Inc (NASDAQ:AMD)  Increases in  Q2 2016

Sentiment for Advanced Micro Devices Inc (NASDAQ:AMD)

Advanced Micro Devices Inc (NASDAQ:AMD) institutional sentiment increased to 2.16 in 2016 Q2. Its up 0.02, from 2.14 in 2016Q1. The ratio has increased, as 135 hedge funds increased or opened new stock positions, while 63 reduced and sold holdings in Advanced Micro Devices Inc. The hedge funds in our partner’s database now hold: 330.20 million shares, up from 317.95 million shares in 2016Q1. Also, the number of hedge funds holding Advanced Micro Devices Inc in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 20 Reduced: 43 Increased: 82 New Position: 53.

Advanced Micro Devices, Inc. is a global semiconductor company. The company has a market cap of $7.73 billion. The Firm is engaged in offering x86 microprocessors, as a standalone central processing unit or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. It currently has negative earnings. It operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

About 36.07M shares traded hands. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 146.81% since April 28, 2016 and is uptrending. It has outperformed by 140.89% the S&P500.

Analysts await Advanced Micro Devices, Inc. (NASDAQ:AMD) to report earnings on January, 17. They expect $-0.04 earnings per share, up 66.67% or $0.08 from last year’s $-0.12 per share.

According to Zacks Investment Research, “Advanced Micro Devices, Inc. is a world-class company with the innovation, execution, and vision to grow our leadership position in the industry. Today’s world-class companies share three essential characteristics. First, they deliver innovative products and technologies that customers want. Second, they have established a proven track record of fast, efficient manufacturing execution. And third, they have a bold vision of where to take their business, and often their industry. Over the course of AMD’s three decades in business, silicon and software have become the steel and plastic of the worldwide digital economy. Technology companies have become global pacesetters, making technical advances at a prodigious rate always driving the industry to deliver more and more, faster and faster. AMD’s dedication to customer-centric innovation and competitive spirit is an unbroken thread running from our early days in the integrated circuit business, through an ever-broadening product portfolio.”

Myriad Asset Management Ltd. holds 1.31% of its portfolio in Advanced Micro Devices, Inc. for 2.94 million shares. Hood River Capital Management Llc owns 1.54 million shares or 1.06% of their US portfolio. Moreover, Bogle Investment Management L P De has 0.97% invested in the company for 2.73 million shares. The New York-based Harvey Partners Llc has invested 0.95% in the stock. Central Asset Investments & Management Holdings (Hk) Ltd, a Hong Kong-based fund reported 112,900 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 10 insider sales for $13.96 million net activity.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage

Ratings analysis reveals 27% of Advanced Micro’s analysts are positive. Out of 11 Wall Street analysts rating Advanced Micro, 3 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $1.75 while the high is $10.50. The stock’s average target of $5.59 is -33.05% below today’s ($8.35) share price. AMD was included in 17 notes of analysts from August 13, 2015. The firm has “Market Perform” rating given on Friday, September 11 by Bernstein. UBS maintained the stock with “Sell” rating in Monday, March 21 report. The firm has “Underperform” rating given on Friday, July 8 by Bernstein. Credit Suisse maintained the stock with “Underperform” rating in Friday, July 22 report. Craig Hallum initiated Advanced Micro Devices, Inc. (NASDAQ:AMD) on Thursday, April 7 with “Hold” rating. The stock has “Neutral” rating given by Mizuho on Thursday, September 1. Deutsche Bank maintained Advanced Micro Devices, Inc. (NASDAQ:AMD) on Wednesday, September 14 with “Hold” rating. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) has “Market Perform” rating given on Tuesday, September 20 by Bernstein. The rating was upgraded by Credit Suisse to “Neutral” on Wednesday, October 12. The firm has “Buy” rating by Canaccord Genuity given on Thursday, August 25.

AMD Company Profile

Advanced Micro Devices, Inc., incorporated on May 1, 1969, is a global semiconductor company. The Firm is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. The Firm operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: Forbes.com which released: “AMD CEO Lisa Su And The Art Of A Turnaround” on November 01, 2016, also Foxbusiness.com with their article: “Better Buy: Advanced Micro Devices, Inc. vs. Intel Corp.” published on November 25, 2016, Investorplace.com published: “Trade of the Day: Advanced Micro Devices, Inc. (NASDAQ:AMD)” on November 29, 2016. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: Profitconfidential.com and their article: “Advanced Micro Devices, Inc.: AMD Stock Move Could Be Big” published on November 24, 2016 as well as Fool.com‘s news article titled: “Better Buy: Advanced Micro Devices, Inc. vs. NVIDIA” with publication date: November 02, 2016.

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By Pete Kolinski

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