Group One Trading buys $16 Million stake in Advanced Micro Devices (AMD)

Advanced Micro Devices (AMD) : Group One Trading scooped up 2,302,026 additional shares in Advanced Micro Devices during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 4,351,806 shares of Advanced Micro Devices which is valued at $16 Million.Advanced Micro Devices makes up approximately 1.79% of Group One Trading’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund boosted its stake in AMD in the latest quarter, The investment management firm added 24,300 additional shares and now holds a total of 604,600 shares of Advanced Micro Devices which is valued at $2.2 Million. Shanda Payment Holdings Ltd. sold out all of its stake in AMD during the most recent quarter. The investment firm sold 2,168,800 shares of AMD which is valued $8 Million.Gilder Gagnon Howe Co reduced its stake in AMD by selling 23,511 shares or 50.26% in the most recent quarter. The Hedge Fund company now holds 23,272 shares of AMD which is valued at $85,641.Commonwealth Equity Services Inc reduced its stake in AMD by selling 35 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 24,847 shares of AMD which is valued at $88,207.

Advanced Micro Devices opened for trading at $3.83 and hit $3.9 on the upside on Friday, eventually ending the session at $3.87, with a gain of 2.65% or 0.1 points. The heightened volatility saw the trading volume jump to 1,37,99,647 shares. Company has a market cap of $3,070,922 M.

On the company’s financial health, Advanced Micro Devices reported $-0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.13. The company had revenue of $832.00 million for the quarter, compared to analysts expectations of $818.41 million. The company’s revenue was down -19.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.09 EPS.

Many Wall Street Analysts have commented on Advanced Micro Devices. Advanced Micro Devices was Upgraded by Exane BNP Paribas to ” Neutral” on Apr 22, 2016. Advanced Micro Devices was Upgraded by Craig Hallum to ” Buy” on Apr 22, 2016. Company shares were Reiterated by Topeka Capital Markets on Apr 22, 2016 to “Hold”, Firm has raised the Price Target to $ 3 from a previous price target of $2 .

Advanced Micro Devices Inc. is a global semiconductor company with facilities across the world. The Company offers x86 microprocessors as standalone devices or as incorporated as an accelerated processing unit (APU) chipsets discrete graphics processing units (GPUs) and professional graphics and server and embedded processors dense servers semi-custom System-on-Chip (SoC) products and technology for game consoles. The Company operates in two segments: 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. The Company sells its products through direct sales force and through independent distributors and sales representatives in both domestic and international markets.

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