Mariner LLC Trims Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mariner LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,705,947 shares of the semiconductor manufacturer's stock after selling 3,423 shares during the period. Mariner LLC owned approximately 0.11% of Advanced Micro Devices worth $206,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Cohen & Steers Inc. boosted its stake in Advanced Micro Devices by 6.0% during the fourth quarter. Cohen & Steers Inc. now owns 2,256 shares of the semiconductor manufacturer's stock worth $273,000 after acquiring an additional 127 shares in the last quarter. SageView Advisory Group LLC raised its holdings in shares of Advanced Micro Devices by 2.4% during the fourth quarter. SageView Advisory Group LLC now owns 6,613 shares of the semiconductor manufacturer's stock valued at $799,000 after purchasing an additional 156 shares during the period. Taurus Asset Management LLC boosted its position in shares of Advanced Micro Devices by 0.6% during the 4th quarter. Taurus Asset Management LLC now owns 145,563 shares of the semiconductor manufacturer's stock worth $17,583,000 after purchasing an additional 799 shares in the last quarter. Fiducient Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $1,036,000. Finally, Keystone Financial Group increased its position in Advanced Micro Devices by 88.3% in the 4th quarter. Keystone Financial Group now owns 73,333 shares of the semiconductor manufacturer's stock valued at $8,547,000 after buying an additional 34,386 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

AMD traded up $0.79 during trading hours on Tuesday, hitting $95.29. The stock had a trading volume of 26,101,434 shares, compared to its average volume of 43,306,721. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company's fifty day simple moving average is $102.54 and its 200 day simple moving average is $125.03. The stock has a market cap of $154.02 billion, a PE ratio of 96.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on AMD shares. KeyCorp lowered Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Finally, Mizuho reduced their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $148.76.

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.