Curi RMB Capital LLC Lowers Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Curi RMB Capital LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,390 shares of the semiconductor manufacturer's stock after selling 64,241 shares during the quarter. Curi RMB Capital LLC's holdings in Advanced Micro Devices were worth $6,932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $2,867,193,000. Van ECK Associates Corp lifted its stake in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock worth $1,432,538,000 after acquiring an additional 2,238,866 shares during the period. Vanguard Group Inc. lifted its stake in Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares during the period. Alecta Tjanstepension Omsesidigt purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $165,952,000. Finally, APG Asset Management N.V. lifted its stake in Advanced Micro Devices by 675.9% in the fourth quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer's stock worth $180,401,000 after acquiring an additional 1,347,203 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded up $4.07 during trading on Thursday, hitting $94.46. The company had a trading volume of 17,995,384 shares, compared to its average volume of 40,382,227. The stock has a fifty day simple moving average of $99.44 and a two-hundred day simple moving average of $121.95. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The firm has a market capitalization of $152.68 billion, a price-to-earnings ratio of 95.38, 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 announced its 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%. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Barclays reduced their target price on shares of Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating for the company in a report on Tuesday. KeyCorp downgraded shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Finally, Wedbush cut their price objective on shares of Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $140.57.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on 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 approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

About Advanced Micro Devices

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.