Gotham Asset Management LLC Lowers Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Gotham Asset Management LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,360 shares of the semiconductor manufacturer’s stock after selling 31,818 shares during the quarter. Gotham Asset Management LLC’s holdings in Advanced Micro Devices were worth $5,841,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMD. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on AMD shares. TD Cowen upped their target price on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, April 16th. Piper Sandler restated an “overweight” rating and set a $125.00 target price (down from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Bank of America upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $131.13.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $112.46 on Wednesday. The company has a market cap of $182.34 billion, a price-to-earnings ratio of 113.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $97.81 and a two-hundred day moving average of $115.78.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Advanced Micro Devices’s revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.