Tuttle Tactical Management LLC Buys Shares of 24,296 Advanced Micro Devices, Inc. (AMD)

Tuttle Tactical Management LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,296 shares of the semiconductor manufacturer’s stock, valued at approximately $169,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its stake in Advanced Micro Devices by 11.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 21,541,918 shares of the semiconductor manufacturer’s stock worth $148,855,000 after buying an additional 2,203,878 shares during the last quarter. Teachers Advisors LLC boosted its stake in Advanced Micro Devices by 29.4% in the third quarter. Teachers Advisors LLC now owns 10,781,898 shares of the semiconductor manufacturer’s stock worth $74,503,000 after buying an additional 2,448,930 shares during the last quarter. Northern Trust Corp boosted its stake in Advanced Micro Devices by 5.9% in the third quarter. Northern Trust Corp now owns 9,916,093 shares of the semiconductor manufacturer’s stock worth $68,520,000 after buying an additional 552,084 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Advanced Micro Devices by 69.5% in the third quarter. TIAA CREF Investment Management LLC now owns 9,649,619 shares of the semiconductor manufacturer’s stock worth $66,679,000 after buying an additional 3,956,359 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Advanced Micro Devices during the third quarter worth about $38,696,000. 54.77% of the stock is owned by institutional investors and hedge funds.

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

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at 13.58 on Monday. The firm’s 50 day moving average is $11.37 and its 200 day moving average is $8.41. The company’s market cap is $12.64 billion. Advanced Micro Devices, Inc. has a 12 month low of $1.82 and a 12 month high of $14.27.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 31st. The semiconductor manufacturer reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted ($0.10) earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices, Inc. will post $0.07 earnings per share for the current year.

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Several equities analysts have weighed in on AMD shares. Canaccord Genuity raised their target price on Advanced Micro Devices to $14.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Pacific Crest restated an “equal weight” rating on shares of Advanced Micro Devices in a report on Wednesday, December 14th. Vetr upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $12.60 target price on the stock in a report on Wednesday, December 28th. Mizuho upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Tuesday, December 20th. Finally, Barclays PLC upgraded Advanced Micro Devices from an “underweight” rating to an “equal weight” rating in a report on Friday, November 11th. Seventeen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.09.

In other news, CEO Lisa T. Su sold 87,683 shares of the business’s stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $11.86, for a total transaction of $1,039,920.38. Following the completion of the sale, the chief executive officer now directly owns 2,228,267 shares of the company’s stock, valued at $26,427,246.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Devinder Kumar sold 36,356 shares of the business’s stock in a transaction dated Tuesday, December 27th. The stock was sold at an average price of $11.86, for a total transaction of $431,182.16. Following the sale, the chief financial officer now directly owns 786,777 shares of the company’s stock, valued at $9,331,175.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 958,592 shares of company stock valued at $9,648,635. Insiders own 1.00% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

5 Day Chart for NASDAQ:AMD

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