Axa acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 311,495 shares of the semiconductor manufacturer’s stock, valued at approximately $3,202,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. NINE MASTS CAPITAL Ltd bought a new stake in Advanced Micro Devices during the 4th quarter valued at about $102,000. Chilton Investment Co. LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at about $103,000. Bronfman E.L. Rothschild L.P. lifted its holdings 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 buying an additional 8,243 shares in the last quarter. 1492 Capital Management LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $128,000. Finally, Cetera Investment Advisers bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $137,000. Institutional investors own 62.13% of the company’s stock.
Several research firms have recently commented on AMD. BidaskClub lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 14th. Bank of America restated a “positive” rating and issued a $11.52 price target (down previously from $18.00) on shares of Advanced Micro Devices in a report on Tuesday, March 13th. Vetr lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating and set a $13.62 price target for the company. in a report on Thursday, March 8th. ValuEngine lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Six investment 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. The stock has a consensus rating of “Hold” and a consensus target price of $14.62.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 87,530 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total transaction of $929,568.60. Following the sale, the chief executive officer now owns 2,075,903 shares of the company’s stock, valued at approximately $22,046,089.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 100,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders have sold 1,268,240 shares of company stock worth $15,043,368. 1.60% of the stock is owned by insiders.
Advanced Micro Devices stock opened at $11.47 on Monday. The stock has a market cap of $11,115.94, a P/E ratio of 382.33, a PEG ratio of 4.96 and a beta of 2.73. Advanced Micro Devices, Inc. has a 12-month low of $9.70 and a 12-month high of $15.65. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27.
Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. research analysts forecast 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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