158 hedge funds buy Advanced Micro Devices, Inc. (AMD) for the first time

Advanced Micro Devices, Inc. (NASDAQ:AMD) has made a 128.54% comeback from a 12-month low price of $9.04. It was seen -3.86% lower, changing the price to $20.66, when the closing bell rang on 11/16/2018. At recent session, the prices were hovering between $19.72 and $20.97. This company shares are 16.99% off its target price of $24.17 and the current market capitalization stands at $20.65B. The recent change has given its price a -20.29% deficit over SMA 50 and -39.48% deficit over its 52-week high. The stock witnessed -22.39% declines, 3.4% gains and 59.05% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AMD’s volatility during a week at 7.24% and during a month it has been found around 8.48%.

Advanced Micro Devices, Inc. (AMD) Top Holders

Institutional investors currently hold around $12.43 billion or 64% in AMD stock. Look at its top three institutional owners. Vanguard Group Inc owns $2.03 billion in Advanced Micro Devices, Inc., which represents roughly 9.85% of the company’s market cap and approximately 16.36% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 64,182,713 shares of the stock are valued at $1.33 billion. The third largest holder is Fmr Llc, which currently holds $1.16 billion worth of this stock and that ownership represents nearly 5.63% of its market capitalization.

Advanced Micro Devices, Inc. 13F Filings

At the end of September reporting period, 366 institutional holders increased their position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by some 81,828,683 shares, 242 decreased positions by 131,853,224 and 49 held positions by 388,138,573. That puts total institutional holdings at 601,820,480 shares, according to SEC filings. The stock grabbed 158 new institutional investments totaling 24,985,478 shares while 63 institutional investors sold out their entire positions totaling 19,763,175 shares.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Insider Trades

Multiple company employees have indulged in significant insider trading. Advanced Micro Devices, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP & GM DESG Norrod Forrest Eugene has sold 62,500 shares of Advanced Micro Devices, Inc. (AMD) in trading session dated Nov. 12, 2018. These shares are worth $1,236,250 and were traded at $19.78 each. The SEC filing shows that Su Lisa T performed a sale of 175,553 shares. The President & CEO disposed these shares by way of transaction on Nov. 07, 2018. The company’s shares were given away at $21.73 per share worth to an income of some $3,814,767 on account of Su Lisa T.

SVP, CFO & Treasurer, Kumar Devinder, sold 75,000 common shares of Advanced Micro Devices, Inc. (AMD) in the open market. In a transaction dated Oct. 31, 2018, the shares were put up for sale at an average price of $17.56, raking in a sum of $1,317,000. After this sale, 589,814 common shares of AMD are directly owned by the insider, with total stake valued at $12,185,557.

In the transaction dated Oct. 15, 2018, the great number of shares disposed came courtesy the Chief Technology Officer & SVP; Papermaster Mark D disposed a total of 50,000 shares at an average price of $26.17, amounting to approximately $1,308,500. The insider now directly owns 1,262,198 shares worth $26,077,011.

Advanced Micro Devices, Inc. (AMD) Analyst Guide

Several analysts have released their opinion on Advanced Micro Devices, Inc. (NASDAQ:AMD), with 6 analysts believing it is a strong buy. Whereas 16 of them predict the stock is a hold. Also, there are 6 buy, 2 sell and 1 strong sell ratings, collectively assigning a 2.55 average brokerage recommendation.