Rockefeller Capital Management L.P. Sells 112,091 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Rockefeller Capital Management L.P. decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,115,628 shares of the semiconductor manufacturer's stock after selling 112,091 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.07% of Advanced Micro Devices worth $134,815,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Advanced Micro Devices in the fourth quarter valued at about $2,867,193,000. Van ECK Associates Corp grew its position in Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after buying an additional 2,238,866 shares during the period. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after buying an additional 1,441,626 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $165,952,000. Finally, APG Asset Management N.V. grew its holdings in shares of Advanced Micro Devices by 675.9% during 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 buying an additional 1,347,203 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

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Advanced Micro Devices Trading Down 6.7 %

AMD stock traded down $6.40 during trading on Wednesday, reaching $88.89. 29,126,756 shares of the stock traded hands, compared to its average volume of 43,254,028. The business's 50 day moving average price is $102.25 and its 200-day moving average price is $124.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The firm has a market capitalization of $143.67 billion, a PE ratio of 89.79, 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 quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMD shares. Barclays cut their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Bank of America reduced their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company restated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Stifel Nicolaus lowered their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.76.

Insider Activity

In other news, EVP Philip Guido purchased 4,645 shares of the company's stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value 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 $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 is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

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.