Victory Capital Management Inc. Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Victory Capital Management Inc. trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,234,926 shares of the semiconductor manufacturer’s stock after selling 167,088 shares during the period. Victory Capital Management Inc.’s holdings in Advanced Micro Devices were worth $149,167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMD. Van ECK Associates Corp lifted its holdings in Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. State Street Corp lifted its stake in shares of Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after buying an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock worth $3,195,000,000 after buying an additional 1,565,083 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $165,952,000. Finally, Clear Street Derivatives LLC purchased a new position in shares of Advanced Micro Devices in the third quarter worth about $110,496,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 0.9 %

Shares of AMD stock opened at $101.67 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market capitalization of $164.75 billion, a P/E ratio of 102.70, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company has a 50 day moving average price of $115.41 and a 200 day moving average price of $135.92. Advanced Micro Devices, Inc. has a fifty-two week low of $95.89 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Argus set a $160.00 price target on shares of Advanced Micro Devices in a research note on Thursday, February 6th. DZ Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a research note on Friday, February 7th. Bank of America decreased their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Finally, UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Company 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.