Vigilant Capital Management adds Advanced Micro Devices (AMD) to its portfolio

Advanced Micro Devices (AMD) : Vigilant Capital Management added new position in Advanced Micro Devices during the most recent quarter end. The investment management firm now holds 1,000 shares of Advanced Micro Devices which is valued at $6,750 , the company said in a statement filed on Oct 14, 2016 with the SEC.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in AMD by selling 2,140 shares or 4.76% in the most recent quarter. The Hedge Fund company now holds 42,776 shares of AMD which is valued at $278,044. Advanced Micro Devices makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in AMD by selling 214,657 shares or 33.68% in the most recent quarter. The Hedge Fund company now holds 422,643 shares of AMD which is valued at $2,865,520. Advanced Micro Devices makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Advanced Micro Devices opened for trading at $6.92 and hit $7.12 on the upside on Friday, eventually ending the session at $6.75, with a gain of 4.01% or 0.26 points. The heightened volatility saw the trading volume jump to 6,69,34,374 shares. Company has a market cap of $5,370 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. Company shares were Upgraded by Credit Suisse on Oct 12, 2016 to ” Neutral”, Firm has raised the Price Target to $ 7 from a previous price target of $5.50 .Barclays Initiated Advanced Micro Devices on Oct 7, 2016 to “Equal Weight”, Price Target of the shares are set at $7.Advanced Micro Devices was Upgraded by Bernstein to ” Mkt Perform” on Sep 20, 2016.

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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