Sequent Asset Management LLC lessened its position in Advanced Micro Devices, Inc. (NASDAQ: AMD – Get Rating) by 85.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,102 shares of the semiconductor manufacturer’s stock after selling 12,535 shares during the quarter. Sequent Asset Management LLC’s holdings in Advanced Micro Devices were worth $ 230,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Advanced Micro Devices during the 4th quarter worth about $ 1,423,132,000. Bank of Montreal Can lifted its position in Advanced Micro Devices by 212.9% during the 4th quarter. Bank of Montreal Can now owns 7,652,195 shares of the semiconductor manufacturer’s stock worth $ 1,124,107,000 after acquiring an additional 5,206,885 shares during the period. Fisher Asset Management LLC lifted its position in Advanced Micro Devices by 26.5% during the 4th quarter. Fisher Asset Management LLC now owns 19,956,550 shares of the semiconductor manufacturer’s stock worth $ 2,871,748,000 after acquiring an additional 4,177,219 shares during the period. 1832 Asset Management LP raised its stake in shares of Advanced Micro Devices by 1,708.5% during the 4th quarter. 1832 Asset Management LP now owns 3,666,565 shares of the semiconductor manufacturer’s stock worth $ 535,268,000 after buying an additional 3,463,827 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Advanced Micro Devices by 314.6% during the 1st quarter. Nordea Investment Management AB now owns 4,436,306 shares of the semiconductor manufacturer’s stock worth $ 503,210,000 after buying an additional 3,366,363 shares in the last quarter. Hedge funds and other institutional investors own 69.61% of the company stock.
AMD has been the topic of several analyst reports. Wedbush restated an “outperform” rating and set a $ 165.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, June 8th. Barclays downgraded Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $ 148.00 to $ 115.00 in a research note on Thursday, March 31st. Robert W. Baird reiterated a “neutral” rating and set a $ 100.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, June 14th. Mizuho reduced their price objective on Advanced Micro Devices from $ 160.00 to $ 145.00 in a research report on Wednesday, May 4th. Finally, Truist Financial reduced their price objective on Advanced Micro Devices from $ 144.00 to $ 111.00 and set a “hold” rating for the company in a research report on Friday, April 8th. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $ 139.79.
AMD stock opened at $ 87.08 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.40 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a 52-week low of $ 79.43 and a 52-week high of $ 164.46. The company has a 50-day moving average of $ 92.98 and a two-hundred day moving average of $ 111.38. The stock has a market capitalization of $ 141.11 billion, a price-to-earnings ratio of 32.37, a price-to-earnings-growth ratio of 0.66 and a beta of 1.86.
Advanced Micro Devices (NASDAQ: AMD – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $ 1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 0.83 by $ 0.19. Advanced Micro Devices had a net margin of 17.98% and a return on equity of 20.66%. The company had revenue of $ 5.89 billion during the quarter, compared to analysts’ expectations of $ 5.57 billion. During the same period in the prior year, the company earned $ 0.47 earnings per share. The business’s quarterly revenue was up 70.9% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post 4.01 EPS for the current fiscal year.
In related news, CFO Devinder Kumar sold 28,966 shares of the stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $ 100.00, for a total value of $ 2,896,600.00. Following the completion of the transaction, the chief financial officer now owns 524,370 shares of the company stock, valued at $ 52,437,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Edward Caldwell sold 10,000 shares of the stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $ 109.28, for a total transaction of $ 1,092,800.00. Following the completion of the transaction, the director now directly owns 4,672 shares of the company stock, valued at approximately $ 510,556.16. The disclosure for this sale can be found here. Insiders have sold 79,146 shares of company stock valued at $ 8,560,700 in the last ninety days. 1.00% of the stock is owned by company insiders.
Advanced Micro Devices Company Profile: (Get Rating)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
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