BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 684,771 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 16.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,498,721 shares of the semiconductor manufacturer's stock after selling 684,771 shares during the period. Advanced Micro Devices makes up 1.4% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s investment portfolio, making the stock its 6th largest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.22% of Advanced Micro Devices worth $574,070,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Semmax Financial Advisors Inc. grew its position in shares of Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after buying an additional 139 shares in the last quarter. Creative Capital Management Investments LLC raised its stake in shares of Advanced Micro Devices by 124.6% during the third 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 during the last quarter. ZRC Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Fairway Wealth LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $27,000. Finally, Morton Brown Family Wealth LLC grew its holdings in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 85 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley lowered their target price on Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. BNP Paribas upgraded Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, July 31st. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. Susquehanna reiterated a "positive" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, UBS Group lowered their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $192.79.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $0.03 during trading hours on Thursday, hitting $137.57. The company had a trading volume of 18,464,326 shares, compared to its average volume of 55,110,098. Advanced Micro Devices, Inc. has a 12 month low of $116.37 and a 12 month high of $227.30. The firm has a market capitalization of $223.25 billion, a price-to-earnings ratio of 122.22, a PEG ratio of 1.93 and a beta of 1.71. The firm's fifty day moving average is $154.22 and its 200 day moving average is $154.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts' consensus estimates of $0.92. The business 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%. Advanced Micro Devices's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the 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 approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate 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.