Artemis Investment Management LLP Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Artemis Investment Management LLP decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,739 shares of the semiconductor manufacturer's stock after selling 2,684 shares during the quarter. Artemis Investment Management LLP's holdings in Advanced Micro Devices were worth $22,798,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Advanced Micro Devices by 17,137.3% in the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock worth $1,289,818,000 after purchasing an additional 7,815,305 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock worth $1,381,679,000 after buying an additional 2,497,056 shares in the last quarter. State Street Corp grew its stake in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Advanced Micro Devices by 8.7% during 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 valued at $3,195,000,000 after acquiring an additional 1,565,083 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Advanced Micro Devices by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer's stock valued at $1,471,128,000 after acquiring an additional 975,220 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Tuesday, January 14th. Piper Sandler restated an "overweight" rating and issued a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Barclays decreased their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday. Morgan Stanley dropped their price objective on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Finally, Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $178.61.

Advanced Micro Devices Stock Up 2.5 %

Shares of Advanced Micro Devices stock traded up $3.02 on Friday, reaching $121.46. The stock had a trading volume of 35,556,654 shares, compared to its average volume of 34,940,360. The company has a 50 day moving average price of $129.94 and a 200 day moving average price of $145.19. The stock has a market capitalization of $197.11 billion, a P/E ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $114.41 and a 1 year high of $227.30.

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