The Advanced Micro Devices Inc. (AMD) Shares Sold by Jacobs Levy Equity Management Inc.

The Advanced Micro Devices Inc. (AMD) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. reduced its position in shares of Advanced Micro Devices Inc. (NASDAQ:AMD) by 11.2% during the third quarter, Holdings Channel reports. The institutional investor owned 4,695,673 shares of the semiconductor manufacturer’s stock after selling 590,000 shares during the period. Jacobs Levy Equity Management Inc. owned 0.51% of Advanced Micro Devices worth $32,447,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Courier Capital Corp increased its position in Advanced Micro Devices by 0.8% in the second quarter. Courier Capital Corp now owns 25,200 shares of the semiconductor manufacturer’s stock valued at $130,000 after buying an additional 200 shares during the last quarter. Neuberger Berman Group LLC increased its position in Advanced Micro Devices by 3.6% in the third quarter. Neuberger Berman Group LLC now owns 23,391 shares of the semiconductor manufacturer’s stock valued at $162,000 after buying an additional 804 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in Advanced Micro Devices by 7.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 25,072 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,800 shares during the last quarter. ProShare Advisors LLC increased its position in Advanced Micro Devices by 1.3% in the second quarter. ProShare Advisors LLC now owns 179,034 shares of the semiconductor manufacturer’s stock valued at $920,000 after buying an additional 2,331 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Advanced Micro Devices by 11.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,595 shares of the semiconductor manufacturer’s stock valued at $177,000 after buying an additional 2,598 shares during the last quarter. Hedge funds and other institutional investors own 54.66% of the company’s stock.

Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) opened at 9.88 on Thursday. The company’s market cap is $9.16 billion. Advanced Micro Devices Inc. has a 12-month low of $1.81 and a 12-month high of $12.42. The company’s 50-day moving average is $10.66 and its 200-day moving average is $7.68.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Thursday, October 20th. The semiconductor manufacturer reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The business’s revenue was up 23.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) EPS. Equities research analysts predict that Advanced Micro Devices Inc. will post ($0.15) earnings per share for the current year.

A number of equities analysts recently weighed in on the stock. Vetr raised shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $10.53 target price for the company in a research note on Tuesday, November 22nd. Canaccord Genuity lifted their target price on shares of Advanced Micro Devices from $8.75 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, December 14th. Zacks Investment Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Wednesday, November 16th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a research note on Monday, December 5th. They set a “buy” rating and a $11.00 target price for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Advanced Micro Devices in a research note on Wednesday, September 21st. They set an “underperform” rating and a $3.00 target price for the company. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $8.14.

In other news, SVP Mark D. Papermaster sold 271,454 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $6.61, for a total transaction of $1,794,310.94. Following the sale, the senior vice president now owns 1,032,492 shares of the company’s stock, valued at approximately $6,824,772.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce L. Claflin sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $11.51, for a total transaction of $230,200.00. Following the sale, the director now directly owns 698,902 shares in the company, valued at approximately $8,044,362.02. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company 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.

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