Apollo Management Holdings Lp Decreased Stake in Advanced Micro Devices Inc (Put) (NASDAQ:AMD) by $17.58 Million as Shares Rose

Apollo Management Holdings Lp decreased its stake in Advanced Micro Devices Inc (Put) (NASDAQ:AMD) by 63.74% based on its latest Q4 2015 regulatory filing with the SEC. Apollo Management Holdings Lp sold 8.79 million shares as the company’s stock rose 64.94% with the market. The institutional investor held 5.00 million shares of the technology company at the end of Q4, valued at $14.35M, down from 13.79M at the end of the previous reported quarter. Apollo Management Holdings Lp who had been investing in Advanced Micro Devices Inc (Put) since many months, could be less bullish the $2.26 billion market cap company. The stock decreased 0.35% or $0.01 during the last trading session, hitting $2.85. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen 71.69% since August 25, 2015 and is uptrending. It has outperformed by 61.40% the S&P500.

The institutional sentiment decreased to 0.63 in 2015 Q3. Its down 0.42, from 1.05 in 2015Q2. The ratio dived, as 38 funds sold all AMD shares owned while 73 reduced positions. 23 funds bought stakes while 47 increased positions. They now own 293.84 million shares or 8.23% less from 320.18 million shares in 2015Q2.

Canal Insurance Co holds 0.22% of its portfolio in AMD for 324,700 shares. Btg Pactual Global Asset Management Ltd owns 637,012 shares or 0.09% of their US portfolio. Moreover, Investors Asset Management Of Georgia Inc Ga Adv has 0.09% invested in the company for 56,350 shares. The New York-based Oppenheimer Funds Inc has invested 0.07% in the stock. Dynamic Capital Management Ltd, a United Kingdom-based fund reported 132,897 shares.

Out of 18 analysts covering Advanced Micro (NASDAQ:AMD), 5 rate it “Buy”, 7 “Sell”, while 16 “Hold”. This means 18% are positive. Advanced Micro was the topic in 5 analyst reports since August 13, 2015 according to StockzIntelligence Inc. UBS maintained the stock on March 21 with “Sell” rating.

Advanced Micro Devices, Inc. is a global semiconductor firm with facilities across the world. The company has a market cap of $2.26 billion. The Firm offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit , chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors, dense servers, semi-custom System-on-Chip (SoC) products and technology for game consoles. It currently has negative earnings. The Firm operates in two divisions: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties.

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