CenterBook Partners LP Decreases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

CenterBook Partners LP lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 88.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,698 shares of the semiconductor manufacturer's stock after selling 64,770 shares during the quarter. CenterBook Partners LP's holdings in Advanced Micro Devices were worth $1,051,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. APG Asset Management US Inc. lifted its position in shares of Advanced Micro Devices by 2.9% during the fourth quarter. APG Asset Management US Inc. now owns 50,949 shares of the semiconductor manufacturer's stock worth $6,154,000 after purchasing an additional 1,423 shares in the last quarter. APG Asset Management N.V. increased its stake in Advanced Micro Devices by 675.9% during the 4th quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer's stock worth $180,401,000 after buying an additional 1,347,203 shares during the period. Advisory Services Network LLC lifted its holdings in Advanced Micro Devices by 14.1% during the 4th quarter. Advisory Services Network LLC now owns 98,330 shares of the semiconductor manufacturer's stock worth $11,877,000 after buying an additional 12,177 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in Advanced Micro Devices in the 4th quarter valued at approximately $3,792,000. Finally, Renaissance Technologies LLC boosted its position in Advanced Micro Devices by 142.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,176,490 shares of the semiconductor manufacturer's stock valued at $142,108,000 after buying an additional 691,700 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AMD shares. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Stifel Nicolaus reduced their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Barclays cut their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Argus set a $160.00 price target on shares of Advanced Micro Devices in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $148.76.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $5.72 during mid-day trading on Wednesday, hitting $89.57. 24,446,627 shares of the company's stock were exchanged, compared to its average volume of 40,384,840. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The business's 50 day moving average is $102.25 and its two-hundred day moving average is $124.83. The firm has a market capitalization of $144.77 billion, a P/E ratio of 90.47, a P/E/G ratio of 1.11 and a beta of 1.89.

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

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the company's stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by insiders.

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.