Advanced Micro Devices Inc (NASDAQ:AMD) is Attracting Smart Money


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Advanced Micro Devices Inc (NASDAQ:AMD) reported that Mubadala Investment Co Pjsc has picked up 131,906,166 of common stock as of 2017-08-04.

The acquisition brings the aggregate amount owned by Mubadala Investment Co Pjsc to a total of 131,906,166 representing a 12.9% in the company.

For those not familiar with the company, 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. The Company’s segments include the Computing and Graphics segment, and the Enterprise, Embedded and Semi-Custom segment. The Computing and Graphics segment primarily includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics. The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom SoC products, development services, technology for game consoles and licensing portions of its intellectual property portfolio.

A glance at Advanced Micro Devices Inc (NASDAQ:AMD)’s key stats reveals a current market capitalization of 12.40B based on 946.78M shares outstanding and a price at last close of $13.12 per share.

Looking at insider activity, there are a few recent transactions worth noting.

Specifically, on 2012-11-07, Su picked up 48,000 at a purchase price of $2.05 per share.This brings their total holding to 48,000 as of the date of the filing.

On the sell side, the most recent transaction saw Mubadala unload 40,000,000 shares at a sale price of $525,600,000.00. This brings their total holding to 131,906,166.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Advanced Micro Devices Inc (NASDAQ:AMD) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.