Cinctive Capital Management LP Acquires Shares of 26,976 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cinctive Capital Management LP acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,976 shares of the semiconductor manufacturer's stock, valued at approximately $4,426,000.

A number of other large investors also recently bought and sold shares of AMD. Creative Capital Management Investments LLC lifted its stake in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC grew its position in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC lifted its holdings in Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after buying an additional 85 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of Advanced Micro Devices during the second quarter valued at $27,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $35,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMD. Citigroup dropped their price target on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Edward Jones assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a "buy" rating for the company. Roth Mkm reissued a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Evercore ISI boosted their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, Barclays reduced their target price on Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $192.79.

Advanced Micro Devices Price Performance

AMD traded up $0.09 during trading on Tuesday, hitting $142.15. 15,306,581 shares of the stock traded hands, compared to its average volume of 54,269,070. The company has a market cap of $230.68 billion, a price-to-earnings ratio of 127.58, a PEG ratio of 1.89 and a beta of 1.66. Advanced Micro Devices, Inc. has a twelve month low of $116.37 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The business has a 50 day moving average price of $152.16 and a 200 day moving average price of $154.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts' consensus estimates of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 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.