Knights of Columbus Asset Advisors LLC Has $1.20 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Knights of Columbus Asset Advisors LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,951 shares of the semiconductor manufacturer's stock after selling 12,218 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Advanced Micro Devices were worth $1,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Swedbank AB boosted its holdings in shares of Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer's stock valued at $353,040,000 after acquiring an additional 17,446 shares during the period. Howard Capital Management Group LLC boosted its stake in Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock valued at $300,000 after purchasing an additional 324 shares during the period. Principal Financial Group Inc. grew its position in Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after purchasing an additional 588,595 shares during the last quarter. United Bank acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $516,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Advanced Micro Devices by 2.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,380 shares of the semiconductor manufacturer's stock valued at $64,874,000 after buying an additional 10,613 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

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Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. HSBC restated a "reduce" rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. 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. DZ Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Friday, February 7th. Susquehanna lowered their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a research note on Wednesday, February 5th. Finally, Hsbc Global Res lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $155.14.

Advanced Micro Devices Stock Down 4.0 %

Shares of Advanced Micro Devices stock traded down $4.62 during midday trading on Wednesday, hitting $110.19. The company's stock had a trading volume of 39,795,529 shares, compared to its average volume of 43,287,546. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $178.56 billion, a P/E ratio of 111.30, a PEG ratio of 1.11 and a beta of 1.74. The stock has a 50-day simple moving average of $110.18 and a 200-day simple moving average of $131.46.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side 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 news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.