Chartwell Investment Partners LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 36,951 shares of the semiconductor manufacturer’s stock after selling 7,688 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Advanced Micro Devices were worth $682,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. Advisors Asset Management Inc. acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $327,000. Atria Investments LLC increased its holdings in shares of Advanced Micro Devices by 101.6% in the 3rd quarter. Atria Investments LLC now owns 23,451 shares of the semiconductor manufacturer’s stock valued at $724,000 after acquiring an additional 11,820 shares during the period. DNB Asset Management AS increased its holdings in shares of Advanced Micro Devices by 16.7% in the 3rd quarter. DNB Asset Management AS now owns 119,073 shares of the semiconductor manufacturer’s stock valued at $3,678,000 after acquiring an additional 17,013 shares during the period. Cookson Peirce & Co. Inc. acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $240,000. Finally, Andra AP fonden increased its holdings in shares of Advanced Micro Devices by 32.1% in the 3rd quarter. Andra AP fonden now owns 327,600 shares of the semiconductor manufacturer’s stock valued at $10,120,000 after acquiring an additional 79,600 shares during the period. 59.06% of the stock is owned by institutional investors and hedge funds.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $20.93, for a total transaction of $2,616,250.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Devinder Kumar sold 41,213 shares of the business’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $21.25, for a total transaction of $875,776.25. The disclosure for this sale can be found here. Insiders have sold a total of 35,420,787 shares of company stock worth $827,866,455 over the last 90 days. Insiders own 1.80% of the company’s stock.
Shares of NASDAQ AMD opened at $23.05 on Monday. The firm has a market cap of $23.04 billion, a price-to-earnings ratio of 65.86, a P/E/G ratio of 2.07 and a beta of 3.41. Advanced Micro Devices, Inc. has a one year low of $9.04 and a one year high of $34.14. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 1.78.
Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. Advanced Micro Devices had a net margin of 5.20% and a return on equity of 37.84%. During the same period in the previous year, the firm earned $0.08 EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 0.52 EPS for the current year.
AMD has been the topic of a number of recent research reports. BMO Capital Markets cut their target price on shares of Advanced Micro Devices from $20.00 to $18.00 and set a “market perform” rating on the stock in a report on Thursday, October 25th. Cowen reaffirmed an “outperform” rating and issued a $33.00 target price (up from $30.00) on shares of Advanced Micro Devices in a report on Thursday, October 18th. Robert W. Baird reaffirmed a “hold” rating and issued a $25.00 target price on shares of Advanced Micro Devices in a report on Friday, November 2nd. Daiwa Capital Markets set a $27.00 target price on shares of Advanced Micro Devices and gave the company a “buy” rating in a report on Saturday, February 2nd. Finally, BidaskClub lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Advanced Micro Devices currently has a consensus rating of “Hold” and a consensus price target of $24.94.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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