Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Natixis

Natixis decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 417,856 shares of the semiconductor manufacturer's stock after selling 32,577 shares during the period. Natixis' holdings in Advanced Micro Devices were worth $50,473,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock worth $4,224,840,000 after buying an additional 835,413 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock valued at $2,909,350,000 after buying an additional 290,784 shares during the period. Norges Bank acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $2,867,193,000. Finally, Van ECK Associates Corp grew its position 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. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 0.9 %

Shares of NASDAQ:AMD traded down $0.79 during trading on Friday, hitting $87.50. 34,685,670 shares of the company were exchanged, compared to its average volume of 43,016,706. The firm's 50 day moving average price is $100.93 and its 200-day moving average price is $123.02. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month 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. The stock has a market capitalization of $141.42 billion, a P/E ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced 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, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMD shares. Stifel Nicolaus lowered their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. TD Cowen dropped their price target on shares of Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. UBS Group decreased their price objective on shares of Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Finally, Wedbush reissued an "outperform" rating and issued a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $144.90.

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.