Boston Partners lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 99.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,588 shares of the semiconductor manufacturer's stock after selling 2,545,049 shares during the quarter. Boston Partners' holdings in Advanced Micro Devices were worth $554,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Generali Asset Management SPA SGR purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $6,908,000. Evoke Wealth LLC raised its stake in shares of Advanced Micro Devices by 57.1% during the fourth quarter. Evoke Wealth LLC now owns 10,260 shares of the semiconductor manufacturer's stock worth $1,239,000 after purchasing an additional 3,728 shares during the last quarter. Horizon Investments LLC grew its position in Advanced Micro Devices by 54.0% in the 4th quarter. Horizon Investments LLC now owns 50,752 shares of the semiconductor manufacturer's stock valued at $6,130,000 after buying an additional 17,793 shares during the last quarter. Leelyn Smith LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $720,000. Finally, RD Lewis Holdings Inc. purchased a new position in Advanced Micro Devices during the 4th quarter worth $371,000. Institutional investors and hedge funds own 71.34% of the company's stock.
Advanced Micro Devices Stock Down 4.0 %
NASDAQ AMD traded down $4.62 on Wednesday, reaching $110.19. The company had a trading volume of 39,762,229 shares, compared to its average volume of 43,287,414. The firm has a market capitalization of $178.56 billion, a PE ratio of 111.30, a P/E/G ratio of 1.11 and a beta of 1.74. The firm has a 50-day moving average of $110.18 and a 200-day moving average of $131.46. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.
Insider Transactions at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on AMD shares. UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. HSBC reissued a "reduce" rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. StockNews.com cut shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday. Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Finally, Bank of America lowered their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus target price of $155.14.
Check Out Our Latest Report on Advanced Micro Devices
Advanced Micro Devices Company Profile
(
Free Report)
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.
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