Advanced Micro Devices (AMD) : Cavalry Management Group scooped up 476,067 additional shares in Advanced Micro Devices during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,138,897 shares of Advanced Micro Devices which is valued at $7,733,111.Advanced Micro Devices makes up approximately 6.65% of Cavalry Management Group’s portfolio.
Other Hedge Funds, Including , Kennedy Capital Management added AMD to its portfolio by purchasing 449,789 company shares during the most recent quarter which is valued at $3,054,067. Advanced Micro Devices makes up approx 0.06% of Kennedy Capital Management’s portfolio.Comerica Bank boosted its stake in AMD in the latest quarter, The investment management firm added 68,033 additional shares and now holds a total of 508,921 shares of Advanced Micro Devices which is valued at $3,203,658. Advanced Micro Devices makes up approx 0.03% of Comerica Bank’s portfolio. Laurion Capital Management Lp sold out all of its stake in AMD during the most recent quarter. The investment firm sold 406,399 shares of AMD which is valued $2,558,282.Blackrock Advisors boosted its stake in AMD in the latest quarter, The investment management firm added 2,520,968 additional shares and now holds a total of 3,036,636 shares of Advanced Micro Devices which is valued at $21,134,987. Advanced Micro Devices makes up approx 0.02% of Blackrock Advisors’s portfolio.Cibc World Markets boosted its stake in AMD in the latest quarter, The investment management firm added 86,195 additional shares and now holds a total of 208,899 shares of Advanced Micro Devices which is valued at $1,399,623. Advanced Micro Devices makes up approx 0.01% of Cibc World Markets’s portfolio.
Advanced Micro Devices opened for trading at $8.68 and hit $8.83 on the upside on Monday, eventually ending the session at $8.71, with a gain of 2.96% or 0.25 points. The heightened volatility saw the trading volume jump to 6,23,36,214 shares. Company has a market cap of $8,073 M.
On the company’s financial health, Advanced Micro Devices reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.01. The company had revenue of $1307.00 million for the quarter, compared to analysts expectations of $1213.31 million. The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 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.