Prudential Financial Inc. Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prudential Financial Inc. reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 946,073 shares of the semiconductor manufacturer's stock after selling 174,614 shares during the quarter. Prudential Financial Inc. owned approximately 0.06% of Advanced Micro Devices worth $114,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bedell Frazier Investment Counselling LLC boosted its holdings in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock valued at $292,000 after buying an additional 74 shares in the last quarter. NCM Capital Management LLC boosted its stake in Advanced Micro Devices by 0.9% during the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer's stock worth $1,420,000 after acquiring an additional 75 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in Advanced Micro Devices by 15.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer's stock worth $94,000 after acquiring an additional 76 shares in the last quarter. Northeast Financial Consultants Inc grew its holdings in Advanced Micro Devices by 2.9% in the third quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer's stock worth $479,000 after purchasing an additional 81 shares during the period. Finally, Abel Hall LLC increased its stake in shares of Advanced Micro Devices by 4.6% during the third quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer's stock valued at $304,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

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Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $3.43 during trading hours on Friday, hitting $103.22. 30,981,529 shares of the stock traded hands, compared to its average volume of 43,654,598. The company has a market cap of $167.27 billion, a price-to-earnings ratio of 104.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28. The stock has a 50 day moving average price of $109.39 and a 200 day moving average price of $130.90. 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 released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. KeyCorp dropped their target price on Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. DZ Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Friday, February 7th. Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Finally, UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $152.72.

Insider Activity

In related news, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 0.73% of the company's stock.

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.