Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 82.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,825 shares of the semiconductor manufacturer's stock after selling 8,338 shares during the period. New England Research & Management Inc.'s holdings in Advanced Micro Devices were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AMD. State Street Corp boosted its stake in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares in the last quarter. Geode Capital Management LLC grew its holdings in Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the period. Fisher Asset Management LLC increased its position in shares of Advanced Micro Devices by 2.8% in the third quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer's stock valued at $3,904,323,000 after buying an additional 644,039 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Advanced Micro Devices by 8.7% during the 3rd 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 during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Advanced Micro Devices by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after buying an additional 177,700 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 1.4 %

Shares of AMD traded up $1.66 during mid-day trading on Thursday, reaching $119.01. The company's stock had a trading volume of 21,442,896 shares, compared to its average volume of 38,384,008. The company's 50 day moving average is $126.74 and its 200 day moving average is $142.09. The stock has a market cap of $193.14 billion, a PE ratio of 107.19, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12-month low of $112.80 and a 12-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.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 earned $0.53 EPS. The business's revenue was up 17.6% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm'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 owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 in the last three months. Insiders own 0.73% of the company's stock.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a "buy" rating and a $175.00 price objective for the company. Cantor Fitzgerald restated an "overweight" rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Evercore ISI raised their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, TD Cowen dropped their price target on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $171.86.

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.