CI Investments Inc. Has $93.37 Million Stake in Advanced Micro Devices, Inc. (AMD)

CI Investments Inc. grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 312.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,322,893 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,546,993 shares during the quarter. CI Investments Inc. owned about 0.76% of Advanced Micro Devices worth $93,367,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Coldstream Capital Management Inc. boosted its position in shares of Advanced Micro Devices by 0.3% in the 2nd quarter. Coldstream Capital Management Inc. now owns 20,735 shares of the semiconductor manufacturer’s stock worth $259,000 after purchasing an additional 60 shares in the last quarter. Wealthfront Inc. boosted its position in shares of Advanced Micro Devices by 0.5% in the 2nd quarter. Wealthfront Inc. now owns 20,050 shares of the semiconductor manufacturer’s stock worth $250,000 after purchasing an additional 104 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Advanced Micro Devices by 0.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 70,113 shares of the semiconductor manufacturer’s stock worth $875,000 after purchasing an additional 272 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Advanced Micro Devices by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,571 shares of the semiconductor manufacturer’s stock worth $718,000 after purchasing an additional 348 shares in the last quarter. Finally, National Planning Corp boosted its position in shares of Advanced Micro Devices by 4.9% in the 2nd quarter. National Planning Corp now owns 12,890 shares of the semiconductor manufacturer’s stock worth $157,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 58.63% of the company’s stock.

AMD has been the subject of a number of research reports. Jefferies Group LLC set a $19.00 price target on Advanced Micro Devices and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, July 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Advanced Micro Devices in a research report on Monday, July 17th. Bank of America Corporation set a $18.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, July 26th. Finally, Mizuho reiterated a “buy” rating and set a $17.00 price objective (up previously from $15.00) on shares of Advanced Micro Devices in a research note on Wednesday, July 26th. Six investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Advanced Micro Devices currently has a consensus rating of “Hold” and an average target price of $14.05.

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Advanced Micro Devices, Inc. (NASDAQ AMD) traded down $0.19 during midday trading on Monday, reaching $11.07. 40,115,495 shares of the company’s stock traded hands, compared to its average volume of 68,947,180. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.70 and a quick ratio of 1.20. Advanced Micro Devices, Inc. has a one year low of $6.47 and a one year high of $15.65.

In other news, SVP James Robert Anderson sold 20,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $12.10, for a total transaction of $242,000.00. Following the completion of the sale, the senior vice president now owns 533,773 shares in the company, valued at $6,458,653.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Darla M. Smith sold 8,172 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $12.85, for a total transaction of $105,010.20. Following the sale, the insider now owns 34,934 shares of the company’s stock, valued at approximately $448,901.90. The disclosure for this sale can be found here. Insiders sold 1,295,058 shares of company stock valued at $15,847,763 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Advanced Micro Devices 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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