Millennium Management LLC Has $4.88 Million Position in Advanced Micro Devices, Inc. (AMD)

Millennium Management LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 87.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 474,836 shares of the semiconductor manufacturer’s stock after selling 3,425,251 shares during the quarter. Millennium Management LLC’s holdings in Advanced Micro Devices were worth $4,881,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NINE MASTS CAPITAL Ltd purchased a new position in Advanced Micro Devices during the fourth quarter worth about $102,000. Chilton Investment Co. LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $103,000. Stone Ridge Asset Management LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $104,000. Ellington Management Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth about $114,000. Finally, Conning Inc. purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $153,000. Institutional investors and hedge funds own 62.19% of the company’s stock.

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NASDAQ AMD opened at $10.52 on Wednesday. Advanced Micro Devices, Inc. has a 12-month low of $9.04 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76. The company has a market capitalization of $9,623.48, a PE ratio of 131.50, a price-to-earnings-growth ratio of 4.04 and a beta of 2.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. Advanced Micro Devices’s revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) EPS. research analysts predict that Advanced Micro Devices, Inc. will post 0.32 earnings per share for the current fiscal year.

A number of research firms have weighed in on AMD. Zacks Investment Research cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Vetr upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $13.28 target price on the stock in a research note on Monday, February 5th. Bank of America reiterated a “positive” rating and issued a $11.52 target price (down from $18.00) on shares of Advanced Micro Devices in a research note on Tuesday, March 13th. Stifel Nicolaus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research note on Wednesday, April 4th. Finally, Argus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.74 to $18.00 in a research note on Thursday, February 1st. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.49.

In related news, SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $11.58, for a total transaction of $723,750.00. Following the sale, the senior vice president now owns 718,772 shares of the company’s stock, valued at approximately $8,323,379.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark D. Papermaster sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $11.38, for a total transaction of $1,707,000.00. Following the sale, the senior vice president now directly owns 1,207,949 shares in the company, valued at approximately $13,746,459.62. The disclosure for this sale can be found here. Insiders have sold a total of 792,824 shares of company stock worth $9,514,713 in the last ninety days. 1.80% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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