RE: Institution Holders reporting >100%
I figured the Nasdaq Institution Held issue would be resolved by looking at the date of each institutions' report. Since all institutions do not report on the same date, there should be some slop in the numbers. That doesn't appear to be enough of an explanation.
Just the sum of the 6/30/2006 reports is greater than the AMD total on 6/30.
So the logical explanation is that NASDAQ converted the ATI to AMD. Therefore, the 423 institutions that reported on 6/30/206 held the converted equivalent of 527 MM sh out of 543 total, or 97%. That leaves only 16MM shares not in institutions hands (assuming the report isn't totally bogus).
Now, there are 37 MM shares in reports dated 9/30/2006 (post dated reports?) These shares could be in represented by changes from 6/30/2006 holdings. But the total changes for the reported institutions is +0.8MM sh. So these 96 institutions reporting 9/30/2006 should have collectively had 36MM shares on 6/30.
So between the 6/30 and 9/30 reports, there are 553 MM reported in institutions.
Anyway you slice it, the institutional report is embarrassing for someone. Occams razor says that NASDAQ screwed up the database on the conversion. We'll watch it over the next week.
[My Pivot of the All Institution report. See link at bottom]
Data
Date Sum of Shares Held Sum Change Count Instit
12/31/2005 785,935 160,232 8
3/31/2006 4,766,736 2,753,661 9
6/30/2006 526,955,143 27,534,467 423
9/30/2006 37,354,744 813,906 96
Grand Total 569,862,558 31,262,266 561
Total number of shares 486(AMD) + 57(ATI buyout) = 543MM. [Pete's calc.]
Company Details [NASDAQ]
Total Shares Out Standing (millions): 486 [this is wrong]
Market Capitalization ($ millions): $10,136 [this is wrong]
Institutional Ownership: 117.3%
Price (as of 10/27/2006) 20.86
Ownership Analysis # Of Holders Shares
Total Shares Held: 536 569,862,558
New Positions: 82 24,698,443
Increased Positions: 288 118,234,142
Decreased Positions: 207 86,971,876
Holders With Activity:495 205,206,018
Sold Out Positions: 80 28,422,540
-Magrathea
nasdaq.com
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