Group One Trading Lowers stake in Advanced Micro Devices (AMD)

Advanced Micro Devices (AMD) : Group One Trading reduced its stake in Advanced Micro Devices by 18.14% during the most recent quarter end. The investment management company now holds a total of 3,562,193 shares of Advanced Micro Devices which is valued at $23,973,559 after selling 789,613 shares in Advanced Micro Devices , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Advanced Micro Devices makes up approximately 2.08% of Group One Trading’s portfolio.

Other Hedge Funds, Including , Nuveen Asset Management boosted its stake in AMD in the latest quarter, The investment management firm added 304 additional shares and now holds a total of 305,033 shares of Advanced Micro Devices which is valued at $2,052,872. Advanced Micro Devices makes up approx 0.01% of Nuveen Asset Management’s portfolio.Ausdal Financial Partners reduced its stake in AMD by selling 6,200 shares or 37.58% in the most recent quarter. The Hedge Fund company now holds 10,300 shares of AMD which is valued at $70,658. Advanced Micro Devices makes up approx 0.04% of Ausdal Financial Partners’s portfolio.Checchi Capital Advisers reduced its stake in AMD by selling 27 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 12,473 shares of AMD which is valued at $72,842. Advanced Micro Devices makes up approx 0.02% of Checchi Capital Advisers’s portfolio. First Manhattan Co sold out all of its stake in AMD during the most recent quarter. The investment firm sold 11,500 shares of AMD which is valued $63,365.

Advanced Micro Devices closed down -0.08 points or -1.04% at $7.59 with 1,69,16,273 shares getting traded on Monday. Post opening the session at $7.72, the shares hit an intraday low of $7.57 and an intraday high of $7.79 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Company shares were Reiterated by Canaccord Genuity on Aug 25, 2016 to “Buy”, Firm has raised the Price Target to $ 8.50 from a previous price target of $7.50 .Company shares were Reiterated by Mizuho on Jul 22, 2016 to “Neutral”, Firm has raised the Price Target to $ 5.50 from a previous price target of $4.50 .Company shares were Reiterated by MKM Partners on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 6.30 from a previous price target of $5 .

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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