Zurcher Kantonalbank Zurich Cantonalbank Sells 309,025 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 33.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 606,014 shares of the semiconductor manufacturer's stock after selling 309,025 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Advanced Micro Devices were worth $73,200,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after buying an additional 177,700 shares during the last quarter. Swiss National Bank increased its holdings in shares of Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock valued at $787,186,000 after acquiring an additional 12,500 shares during the last quarter. Shum Financial Group Inc. acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $858,000. State Street Corp lifted its stake in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after purchasing an additional 441,924 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

AMD has been the topic of a number of recent research reports. KeyCorp reduced their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. UBS Group set a $175.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Hsbc Global Res lowered Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday, January 8th. Finally, Melius lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their target price for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $155.83.

Advanced Micro Devices Trading Up 2.6 %

AMD traded up $2.50 during trading on Wednesday, reaching $99.26. The company had a trading volume of 10,023,050 shares, compared to its average volume of 39,215,375. The firm's 50-day simple moving average is $113.39 and its 200 day simple moving average is $134.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market cap of $160.86 billion, a price-to-earnings ratio of 100.52, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $198.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was purchased 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 owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by 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.