Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Lessened by River Global Investors LLP

River Global Investors LLP reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 35,251 shares of the semiconductor manufacturer’s stock after selling 2,860 shares during the quarter. Advanced Micro Devices makes up 1.0% of River Global Investors LLP’s portfolio, making the stock its 22nd biggest position. River Global Investors LLP’s holdings in Advanced Micro Devices were worth $5,197,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Noesis Capital Mangement Corp bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $354,000. FourThought Financial Partners LLC increased its holdings in shares of Advanced Micro Devices by 23.8% in the 4th quarter. FourThought Financial Partners LLC now owns 19,663 shares of the semiconductor manufacturer’s stock worth $2,899,000 after acquiring an additional 3,782 shares during the period. TCG Advisory Services LLC increased its holdings in shares of Advanced Micro Devices by 115.5% in the 4th quarter. TCG Advisory Services LLC now owns 11,637 shares of the semiconductor manufacturer’s stock worth $1,715,000 after acquiring an additional 6,238 shares during the period. Charles Carroll Financial Partners LLC increased its holdings in shares of Advanced Micro Devices by 2.7% in the 4th quarter. Charles Carroll Financial Partners LLC now owns 9,575 shares of the semiconductor manufacturer’s stock worth $1,412,000 after acquiring an additional 250 shares during the period. Finally, AJOVista LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $207,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

AMD traded up $4.44 during trading on Friday, reaching $150.60. 49,361,081 shares of the company’s stock were exchanged, compared to its average volume of 55,429,640. Advanced Micro Devices, Inc. has a fifty-two week low of $81.11 and a fifty-two week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $175.41 and a 200 day moving average price of $151.81. The company has a market capitalization of $243.42 billion, a P/E ratio of 221.47, a PEG ratio of 2.29 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders have sold 181,850 shares of company stock worth $34,637,833 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMD shares. Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a report on Monday, January 8th. JPMorgan Chase & Co. increased their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Cantor Fitzgerald dropped their price objective on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday. KeyCorp lowered their target price on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.24.

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.