TB Alternative Assets Ltd. Buys Shares of 75,000 Advanced Micro Devices, Inc. (AMD)

TB Alternative Assets Ltd. bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 75,000 shares of the semiconductor manufacturer’s stock, valued at approximately $956,000. Advanced Micro Devices comprises approximately 0.3% of TB Alternative Assets Ltd.’s portfolio, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Viking Fund Management LLC lifted its holdings in Advanced Micro Devices by 60.0% in the third quarter. Viking Fund Management LLC now owns 48,000 shares of the semiconductor manufacturer’s stock worth $612,000 after acquiring an additional 18,000 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Advanced Micro Devices by 8.6% in the third quarter. Mutual of America Capital Management LLC now owns 103,232 shares of the semiconductor manufacturer’s stock worth $1,316,000 after acquiring an additional 8,163 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in Advanced Micro Devices by 595.5% in the third quarter. Sit Investment Associates Inc. now owns 137,700 shares of the semiconductor manufacturer’s stock worth $1,756,000 after acquiring an additional 117,900 shares during the last quarter. Ardsley Advisory Partners bought a new position in Advanced Micro Devices in the second quarter worth about $312,000. Finally, Toronto Dominion Bank lifted its holdings in Advanced Micro Devices by 26.3% in the second quarter. Toronto Dominion Bank now owns 263,139 shares of the semiconductor manufacturer’s stock worth $3,283,000 after acquiring an additional 54,787 shares during the last quarter. 59.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on AMD shares. Vetr raised shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price on the stock in a report on Monday, June 26th. Jefferies Group LLC reaffirmed a “top pick” rating and set a $13.74 price target (down previously from $19.00) on shares of Advanced Micro Devices in a report on Thursday, September 21st. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 28th. Robert W. Baird assumed coverage on Advanced Micro Devices in a report on Wednesday, July 26th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, MKM Partners reaffirmed a “neutral” rating and set a $13.00 price target on shares of Advanced Micro Devices in a report on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.93.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded up 1.6539% during midday trading on Monday, hitting $14.0384. 17,735,260 shares of the company’s stock were exchanged. The firm’s market cap is $13.29 billion. Advanced Micro Devices, Inc. has a 52 week low of $6.22 and a 52 week high of $15.65. The company has a 50-day moving average of $13.18 and a 200-day moving average of $12.74.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “TB Alternative Assets Ltd. Buys Shares of 75,000 Advanced Micro Devices, Inc. (AMD)” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/23/tb-alternative-assets-ltd-buys-shares-of-75000-advanced-micro-devices-inc-amd.html.

In related news, Director Ahmed Yahia sold 80,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $12.84, for a total transaction of $1,027,200.00. Following the completion of the transaction, the director now owns 182,941 shares in the company, valued at $2,348,962.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Darla M. Smith sold 8,172 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $12.85, for a total transaction of $105,010.20. Following the transaction, the insider now owns 34,934 shares of the company’s stock, valued at approximately $448,901.90. The disclosure for this sale can be found

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Viking Fund Management LLC lifted its holdings in Advanced Micro Devices by 60.0% in the third quarter. Viking Fund Management LLC now owns 48,000 shares of the semiconductor manufacturer’s stock worth $612,000 after acquiring an additional 18,000 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in Advanced Micro Devices by 8.6% in the third quarter. Mutual of America Capital Management LLC now owns 103,232 shares of the semiconductor manufacturer’s stock worth $1,316,000 after acquiring an additional 8,163 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in Advanced Micro Devices by 595.5% in the third quarter. Sit Investment Associates Inc. now owns 137,700 shares of the semiconductor manufacturer’s stock worth $1,756,000 after acquiring an additional 117,900 shares during the last quarter. Ardsley Advisory Partners bought a new position in Advanced Micro Devices in the second quarter worth about $312,000. Finally, Toronto Dominion Bank lifted its holdings in Advanced Micro Devices by 26.3% in the second quarter. Toronto Dominion Bank now owns 263,139 shares of the semiconductor manufacturer’s stock worth $3,283,000 after acquiring an additional 54,787 shares during the last quarter. 59.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on AMD shares. Vetr raised shares of Advanced Micro Devices from a “buy” rating to a “strong-buy” rating and set a $15.99 target price on the stock in a report on Monday, June 26th. Jefferies Group LLC reaffirmed a “top pick” rating and set a $13.74 price target (down previously from $19.00) on shares of Advanced Micro Devices in a report on Thursday, September 21st. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 28th. Robert W. Baird assumed coverage on Advanced Micro Devices in a report on Wednesday, July 26th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, MKM Partners reaffirmed a “neutral” rating and set a $13.00 price target on shares of Advanced Micro Devices in a report on Friday, July 21st. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.93.

Shares of Advanced Micro Devices, Inc. (NASDAQ AMD) traded up 1.6539% during midday trading on Monday, hitting $14.0384. 17,735,260 shares of the company’s stock were exchanged. The firm’s market cap is $13.29 billion. Advanced Micro Devices, Inc. has a 52 week low of $6.22 and a 52 week high of $15.65. The company has a 50-day moving average of $13.18 and a 200-day moving average of $12.74.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor manufacturer reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Advanced Micro Devices had a negative net margin of 11.82% and a negative return on equity of 24.34%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The firm’s revenue was up 19.0% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post $0.10 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “TB Alternative Assets Ltd. Buys Shares of 75,000 Advanced Micro Devices, Inc. (AMD)” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/10/23/tb-alternative-assets-ltd-buys-shares-of-75000-advanced-micro-devices-inc-amd.html.

In related news, Director Ahmed Yahia sold 80,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $12.84, for a total transaction of $1,027,200.00. Following the completion of the transaction, the director now owns 182,941 shares in the company, valued at $2,348,962.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Darla M. Smith sold 8,172 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $12.85, for a total transaction of $105,010.20. Following the transaction, the insider now owns 34,934 shares of the company’s stock, valued at approximately $448,901.90. The disclosure for this sale can be found here. Insiders have sold 42,157,502 shares of company stock valued at $21,024,000,027,762,700 in the last three months. 1.60% of the stock is owned by insiders.

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

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