Schroder Investment Management Group Sells 22,640 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Schroder Investment Management Group lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,518,945 shares of the semiconductor manufacturer's stock after selling 22,640 shares during the quarter. Schroder Investment Management Group owned 0.09% of Advanced Micro Devices worth $183,473,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMD. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Susquehanna reduced their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating for the company in a research note on Wednesday, February 5th. UBS Group set a $175.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. DZ Bank lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Friday, February 7th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given 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 an average price target of $152.72.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.65% of the company's stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $6.65 during trading hours on Thursday, hitting $96.31. The company had a trading volume of 18,018,049 shares, compared to its average volume of 43,146,349. The firm has a 50-day moving average of $108.21 and a 200 day moving average of $129.81. 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 firm has a market cap of $155.67 billion, a PE ratio of 97.28, a PEG ratio of 1.11 and a beta of 1.88. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28.

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 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%. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.