Advanced Micro Devices (AMD) Holdings Cut by Federated Investors Inc. PA

Federated Investors Inc. PA lessened its holdings in Advanced Micro Devices (NASDAQ:AMD) by 7.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,603,585 shares of the semiconductor manufacturer’s stock after selling 291,415 shares during the quarter. Federated Investors Inc. PA owned 0.37% of Advanced Micro Devices worth $36,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Teachers Advisors LLC grew its stake in shares of Advanced Micro Devices by 40.4% during the 4th quarter. Teachers Advisors LLC now owns 9,142,340 shares of the semiconductor manufacturer’s stock worth $93,983,000 after acquiring an additional 2,629,584 shares during the period. Carillon Tower Advisers Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $26,894,000. Renaissance Technologies LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth $24,976,000. TIAA CREF Investment Management LLC grew its stake in shares of Advanced Micro Devices by 23.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 12,246,187 shares of the semiconductor manufacturer’s stock worth $125,891,000 after acquiring an additional 2,295,080 shares during the period. Finally, OppenheimerFunds Inc. grew its stake in shares of Advanced Micro Devices by 10.1% during the 4th quarter. OppenheimerFunds Inc. now owns 22,076,133 shares of the semiconductor manufacturer’s stock worth $226,943,000 after acquiring an additional 2,022,320 shares during the period. Hedge funds and other institutional investors own 63.76% of the company’s stock.

Shares of NASDAQ AMD opened at $13.10 on Thursday. The stock has a market cap of $12.58 billion, a P/E ratio of 163.75, a PEG ratio of 4.71 and a beta of 2.84. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.20 and a current ratio of 1.62. Advanced Micro Devices has a 1-year low of $9.04 and a 1-year high of $15.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Wednesday, April 25th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Advanced Micro Devices had a return on equity of 41.01% and a net margin of 3.29%. equities analysts expect that Advanced Micro Devices will post 0.36 earnings per share for the current year.

AMD has been the subject of several analyst reports. Susquehanna Bancshares upgraded Advanced Micro Devices from a “negative” rating to a “neutral” rating and set a $13.87 target price for the company in a research note on Wednesday, May 16th. Vetr upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $13.28 target price for the company in a research note on Monday, February 5th. Stifel Nicolaus upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Wednesday, April 4th. UBS initiated coverage on Advanced Micro Devices in a research note on Wednesday, April 4th. They issued a “neutral” rating and a $11.00 target price for the company. Finally, Barclays cut their target price on Advanced Micro Devices from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Thursday, April 19th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. Advanced Micro Devices has an average rating of “Hold” and an average target price of $14.89.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $12.00, for a total value of $1,200,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark D. Papermaster sold 150,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $11.38, for a total value of $1,707,000.00. Following the completion of the transaction, the senior vice president now directly owns 1,207,949 shares in the company, valued at $13,746,459.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 452,973 shares of company stock worth $5,344,639. 1.80% of the stock is currently owned by insiders.

About Advanced Micro Devices

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

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