Tyers Asset Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,432 shares of the semiconductor manufacturer’s stock after buying an additional 7,088 shares during the quarter. Tyers Asset Management LLC’s holdings in Advanced Micro Devices were worth $333,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of AMD. NINE MASTS CAPITAL Ltd acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $102,000. Chilton Investment Co. LLC acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $103,000. Stone Ridge Asset Management LLC acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $104,000. Bronfman E.L. Rothschild L.P. increased its position in Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after purchasing an additional 8,243 shares during the period. Finally, Ellington Management Group LLC acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $114,000. Institutional investors and hedge funds own 62.14% of the company’s stock.
A number of analysts have weighed in on AMD shares. Mizuho reissued a “buy” rating and set a $17.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, November 28th. Goldman Sachs reduced their price objective on shares of Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating for the company in a research report on Wednesday, November 29th. BidaskClub downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Macquarie raised shares of Advanced Micro Devices from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $10.29 to $10.47 in a research report on Monday, December 18th. Finally, Susquehanna Bancshares reduced their price objective on shares of Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, January 18th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.62.
In other news, CEO Lisa T. Su sold 100,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $12.00, for a total transaction of $1,200,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 87,530 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total value of $929,568.60. Following the sale, the chief executive officer now owns 2,075,903 shares in the company, valued at $22,046,089.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,418,240 shares of company stock worth $16,750,368. Company insiders own 1.60% of the company’s stock.
Advanced Micro Devices, Inc. (NASDAQ:AMD) opened at $10.91 on Friday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76. Advanced Micro Devices, Inc. has a 52 week low of $9.70 and a 52 week high of $15.65. The firm has a market capitalization of $10,912.42, a price-to-earnings ratio of 363.67, a price-to-earnings-growth ratio of 4.87 and a beta of 2.73.
Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business earned ($0.01) EPS. The business’s revenue was up 33.8% on a year-over-year basis. equities research analysts anticipate that Advanced Micro Devices, Inc. will post 0.3 earnings per share for the current year.
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Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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