Robeco Institutional Asset Management B.V. Reduces Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Robeco Institutional Asset Management B.V. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 70.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 227,808 shares of the semiconductor manufacturer's stock after selling 553,149 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Advanced Micro Devices were worth $27,517,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. International Assets Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 17,137.3% in the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock worth $1,289,818,000 after buying an additional 7,815,305 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Advanced Micro Devices by 42.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock worth $1,381,679,000 after purchasing an additional 2,497,056 shares in the last quarter. State Street Corp grew 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 purchasing an additional 1,580,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 valued at $3,195,000,000 after purchasing an additional 1,565,083 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of 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 purchasing an additional 975,220 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 1.3 %

NASDAQ AMD opened at $118.86 on Friday. 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 stock has a market capitalization of $192.89 billion, a P/E ratio of 107.08, a PEG ratio of 1.04 and a beta of 1.66. The firm's 50-day moving average is $126.37 and its two-hundred day moving average is $141.93. Advanced Micro Devices, Inc. has a 12 month low of $112.80 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMD. Wells Fargo & Company dropped their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Roth Mkm restated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Evercore ISI increased their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Melius Research restated a "hold" rating and issued a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.04.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm'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 in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by company insiders.

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.