Mackenzie Financial Corp Takes Position in Advanced Micro Devices, Inc. (AMD)

Mackenzie Financial Corp acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,077 shares of the semiconductor manufacturer’s stock, valued at approximately $161,000.

Several other hedge funds also recently added to or reduced their stakes in AMD. Trexquant Investment LP bought a new stake in Advanced Micro Devices during the first quarter valued at $706,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Advanced Micro Devices during the first quarter worth about $148,000. Janney Montgomery Scott LLC boosted its stake in shares of Advanced Micro Devices by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 143,912 shares of the semiconductor manufacturer’s stock worth $2,094,000 after buying an additional 68,565 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of Advanced Micro Devices during the first quarter worth about $2,348,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Advanced Micro Devices during the first quarter worth about $1,236,000. Institutional investors own 57.43% of the company’s stock.

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

Advanced Micro Devices, Inc. (NASDAQ AMD) opened at 14.17 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $4.65 and a 1-year high of $15.55. The company’s market cap is $13.39 billion. The stock has a 50 day moving average price of $11.30 and a 200 day moving average price of $12.16.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Monday, May 1st. The semiconductor manufacturer reported ($0.04) EPS for the quarter, hitting analysts’ consensus estimates of ($0.04). Advanced Micro Devices had a negative return on equity of 76.29% and a negative net margin of 10.42%. The firm had revenue of $984 million for the quarter, compared to the consensus estimate of $984.40 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post $0.07 EPS for the current fiscal year.

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Several analysts have issued reports on the company. Susquehanna Bancshares Inc upped their target price on Advanced Micro Devices from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, March 20th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research note on Thursday, April 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 target price on shares of Advanced Micro Devices in a research note on Thursday, April 6th. Goldman Sachs Group, Inc. (The) assumed coverage on Advanced Micro Devices in a research note on Thursday, April 6th. They issued a “sell” rating and a $11.00 target price for the company. Finally, Northland Securities reaffirmed a “buy” rating and issued a $17.50 target price on shares of Advanced Micro Devices in a research note on Friday. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company. Advanced Micro Devices has a consensus rating of “Hold” and a consensus price target of $13.06.

In other news, SVP James Robert Anderson sold 160,122 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $12.48, for a total value of $1,998,322.56. Following the sale, the senior vice president now owns 622,485 shares in the company, valued at $7,768,612.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce L. Claflin sold 20,000 shares of the company’s stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $13.33, for a total value of $266,600.00. Following the completion of the sale, the director now owns 638,902 shares in the company, valued at approximately $8,516,563.66. The disclosure for this sale can be found here. Insiders sold 618,478 shares of company stock worth $7,134,277 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Advanced Micro Devices Company Profile

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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