Loomis Sayles & Co. L P Has $113,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Loomis Sayles & Co. L P cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 72.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 686 shares of the semiconductor manufacturer’s stock after selling 1,774 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Advanced Micro Devices were worth $113,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bedell Frazier Investment Counselling LLC raised its stake in shares of Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after acquiring an additional 74 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in Advanced Micro Devices by 47.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 197,878 shares of the semiconductor manufacturer’s stock worth $32,468,000 after purchasing an additional 63,621 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Advanced Micro Devices during the 3rd quarter worth $454,000. Prosperity Financial Group Inc. lifted its holdings in Advanced Micro Devices by 56.5% during the 3rd quarter. Prosperity Financial Group Inc. now owns 5,271 shares of the semiconductor manufacturer’s stock worth $865,000 after buying an additional 1,904 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its position in Advanced Micro Devices by 60.7% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 2,171 shares of the semiconductor manufacturer’s stock valued at $356,000 after buying an additional 820 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Barclays dropped their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Citigroup reduced their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Stock Down 1.1 %

Advanced Micro Devices stock opened at $136.24 on Friday. The company has a market cap of $221.09 billion, a P/E ratio of 122.74, a price-to-earnings-growth ratio of 1.95 and a beta of 1.71. The company has a fifty day simple moving average of $152.53 and a 200 day simple moving average of $154.16. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.