As Advanced Micro Devices INC (AMD) Stock Price Declined, Discovery Capital Management LLC Boosted Its Stake by $226.57 Million

February 15, 2018 - By Hazel Jackson

Investors sentiment increased to 1.51 in 2017 Q3. Its up 0.23, from 1.28 in 2017Q2. It improved, as 39 investors sold AMD shares while 107 reduced holdings. 80 funds opened positions while 140 raised stakes. 559.57 million shares or 2.90% more from 543.78 million shares in 2017Q2 were reported. Tower Rech Cap Limited Liability Co (Trc) reported 3,548 shares stake. Utah Retirement System reported 151,071 shares. Natixis accumulated 906,790 shares. Benjamin F Edwards Commerce invested 0% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Parallax Volatility Advisers Lp invested 0.02% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD). Odey Asset Mgmt Gp Limited stated it has 321,050 shares or 0.37% of all its holdings. 1832 Asset Mgmt LP stated it has 318,687 shares. Dynamic Capital Management Ltd holds 0.13% or 36,666 shares. M&R Mgmt holds 480 shares or 0% of its portfolio. Cibc Asset Mgmt invested in 0.01% or 78,108 shares. The Ohio-based Gateway Investment Advisers Limited Com has invested 0.05% in Advanced Micro Devices, Inc. (NASDAQ:AMD). Robeco Institutional Asset Management Bv holds 7,282 shares. 398,800 are held by Pictet Asset Mgmt Limited. Alliancebernstein Ltd Partnership invested in 0.01% or 1.51M shares. Creative Planning has invested 0.01% of its portfolio in Advanced Micro Devices, Inc. (NASDAQ:AMD).

Since August 14, 2017, it had 0 buys, and 18 selling transactions for $19.93 million activity. The insider Su Lisa T sold 82,709 shares worth $1.13M. ANDERSON JAMES ROBERT sold $750,000 worth of stock or 75,000 shares. Papermaster Mark D also sold $1.16 million worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) on Tuesday, February 6. WOLIN HARRY A sold 75,046 shares worth $906,556. The insider Norrod Forrest Eugene sold $766,625. On Tuesday, August 15 the insider SMITH DARLA M sold $105,010.

Rob Citrone increased its stake in Advanced Micro Devices Inc (AMD) by 629.36% based on its latest 2017Q3 regulatory filing with the SEC. Discovery Capital Management Llc bought 18.88 million shares as the company’s stock declined 13.10% while stock markets rallied. The hedge fund run by Rob Citrone held 21.88M shares of the technology company at the end of 2017Q3, valued at $278.98M, up from 3.00M at the end of the previous reported quarter. Discovery Capital Management Llc who had been investing in Advanced Micro Devices Inc for a number of months, seems to be bullish on the $11.69B market cap company. The stock decreased 0.66% or $0.08 during the last trading session, reaching $12.12. About 47.64M shares traded. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 202.65% since February 15, 2017 and is uptrending. It has outperformed by 185.95% the S&P500.

Discovery Capital Management Llc, which manages about $37.50 billion and $4.19 billion US Long portfolio, decreased its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 258,630 shares to 270,270 shares, valued at $46.68 million in 2017Q3, according to the filing. It also reduced its holding in Macys Inc (NYSE:M) by 487,831 shares in the quarter, leaving it with 2.38 million shares, and cut its stake in Peabody Energy Corp New.

More notable recent Advanced Micro Devices, Inc. (NASDAQ:AMD) news were published by: which released: “AMD: Raven Ridge Hits The Sweet Spot” on February 15, 2018, also with their article: “Robbins Arroyo LLP: Advanced Micro Devices, Inc. (AMD) Misled Shareholders …” published on February 14, 2018, published: “AMD: Rinse, Wash, Repeat, Profit” on February 08, 2018. More interesting news about Advanced Micro Devices, Inc. (NASDAQ:AMD) were released by: and their article: “Advanced Micro Devices, Inc. Stock Continues to Trade Sideways” published on February 06, 2018 as well as‘s news article titled: “AMD’s Hidden Strategy” with publication date: February 02, 2018.

Advanced Micro Devices, Inc. (NASDAQ:AMD) Ratings Coverage

Among 31 analysts covering Advanced Micro (NASDAQ:AMD), 12 have Buy rating, 6 Sell and 13 Hold. Therefore 39% are positive. Advanced Micro had 103 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Buy” rating by M Partners given on Monday, January 29. M Partners maintained Advanced Micro Devices, Inc. (NASDAQ:AMD) rating on Wednesday, July 19. M Partners has “Hold” rating and $1300 target. The stock has “Underweight” rating by Barclays Capital on Wednesday, October 4. The firm has “Buy” rating given on Tuesday, October 3 by Northland Capital. Craig Hallum initiated the shares of AMD in report on Thursday, April 7 with “Hold” rating. The stock has “Buy” rating by Rosenblatt on Friday, July 14. The firm has “Neutral” rating given on Friday, July 22 by Mizuho. On Wednesday, October 25 the stock rating was maintained by Barclays Capital with “Sell”. The stock of Advanced Micro Devices, Inc. (NASDAQ:AMD) has “Buy” rating given on Monday, November 6 by Rosenblatt. As per Thursday, June 1, the company rating was maintained by Jefferies.

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