1832 Asset Management L.P. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.7% in the 4th quarter, HoldingsChannel reports. The fund owned 289,000 shares of the semiconductor manufacturer’s stock after buying an additional 18,033 shares during the quarter. 1832 Asset Management L.P.’s holdings in Advanced Micro Devices were worth $5,334,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE grew its position in Advanced Micro Devices by 130.7% in the third quarter. US Bancorp DE now owns 30,600 shares of the semiconductor manufacturer’s stock valued at $945,000 after acquiring an additional 17,334 shares during the period. Dupont Capital Management Corp acquired a new position in Advanced Micro Devices in the third quarter worth $260,000. MML Investors Services LLC boosted its stake in Advanced Micro Devices by 106.8% in the third quarter. MML Investors Services LLC now owns 36,655 shares of the semiconductor manufacturer’s stock worth $1,132,000 after purchasing an additional 18,934 shares in the last quarter. Chartwell Investment Partners LLC boosted its stake in Advanced Micro Devices by 64.0% in the third quarter. Chartwell Investment Partners LLC now owns 44,639 shares of the semiconductor manufacturer’s stock worth $1,379,000 after purchasing an additional 17,414 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Advanced Micro Devices by 10.3% in the third quarter. Crossmark Global Holdings Inc. now owns 55,818 shares of the semiconductor manufacturer’s stock worth $1,724,000 after purchasing an additional 5,206 shares in the last quarter. 61.79% of the stock is owned by institutional investors.
In other Advanced Micro Devices news, Director Ahmed Yahia sold 51,000 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $24.08, for a total value of $1,228,080.00. Following the transaction, the director now owns 82,806 shares of the company’s stock, valued at $1,993,968.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 83,396 shares of the stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $17.40, for a total value of $1,451,090.40. Following the completion of the transaction, the chief executive officer now directly owns 2,388,171 shares in the company, valued at approximately $41,554,175.40. The disclosure for this sale can be found here. Insiders sold 35,584,950 shares of company stock worth $832,024,691 in the last three months. Insiders own 1.80% of the company’s stock.
A number of research firms have commented on AMD. JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $18.00 to $20.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 30th. Daiwa Capital Markets set a $27.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Cowen upped their price target on Advanced Micro Devices from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, January 30th. Bank of America cut their price target on Advanced Micro Devices from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Thursday, December 20th. Finally, ValuEngine lowered Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.41.
NASDAQ:AMD opened at $25.70 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $9.04 and a 1-year high of $34.14. The company has a current ratio of 1.78, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $23.37 billion, a price-to-earnings ratio of 73.43, a P/E/G ratio of 1.62 and a beta of 3.40.
Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 37.84% and a net margin of 5.20%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 0.52 EPS for the current year.
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About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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