HL Financial Services LLC Purchases Shares of 48,350 Advanced Micro Devices, Inc. (AMD)

HL Financial Services LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,350 shares of the semiconductor manufacturer’s stock, valued at approximately $616,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AMD. K.J. Harrison & Partners Inc purchased a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $125,000. First Personal Financial Services purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $127,000. Regal Investment Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $137,000. Ausdal Financial Partners Inc. purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $139,000. Finally, CAPROCK Group Inc. purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at about $140,000. Institutional investors and hedge funds own 58.63% of the company’s stock.

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In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Monday, August 21st. The stock was sold at an average price of $12.18, for a total value of $1,522,500.00. Following the completion of the sale, the chief executive officer now owns 2,037,139 shares of the company’s stock, valued at $24,812,353.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Forrest Eugene Norrod sold 25,701 shares of Advanced Micro Devices stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $11.21, for a total value of $288,108.21. Following the completion of the sale, the senior vice president now directly owns 729,971 shares of the company’s stock, valued at approximately $8,182,974.91. The disclosure for this sale can be found here. Insiders have sold 1,320,759 shares of company stock valued at $16,135,871 in the last three months. 1.60% of the stock is currently owned by company insiders.

AMD has been the topic of a number of research reports. Zacks Investment Research downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC restated a “buy” rating and set a $11.12 price target (down previously from $19.00) on shares of Advanced Micro Devices in a research note on Friday. Morgan Stanley downgraded Advanced Micro Devices from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $8.00 to $11.00 in a research note on Monday, October 30th. TheStreet upgraded Advanced Micro Devices from a “d” rating to a “c-” rating in a research note on Tuesday, October 24th. Finally, Credit Suisse Group raised their price target on Advanced Micro Devices from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.05.

Advanced Micro Devices, Inc. (AMD) opened at $11.09 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 2.61. Advanced Micro Devices, Inc. has a 1 year low of $6.61 and a 1 year high of $15.65.

About Advanced Micro Devices

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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