Crestline Management LP acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 30,000 shares of the semiconductor manufacturer’s stock, valued at approximately $308,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Advanced Micro Devices by 1,655.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after buying an additional 8,243 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $102,000. 1492 Capital Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $128,000. Chilton Investment Co. LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $103,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $104,000. 62.15% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on AMD. Zacks Investment Research downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a report 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 on the stock in a report on Wednesday. Vetr upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $13.28 target price on the stock in a report on Monday, February 5th. Bank of America reiterated a “positive” rating and set a $11.52 target price (down from $18.00) on shares of Advanced Micro Devices in a report on Tuesday, March 13th. Finally, Argus upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the company from $13.74 to $18.00 in a report on Thursday, February 1st. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $14.49.
NASDAQ:AMD traded down $0.41 during midday trading on Friday, reaching $9.61. 51,087,146 shares of the company traded hands, compared to its average volume of 66,041,800. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27. The firm has a market capitalization of $9,313.36, a P/E ratio of 120.13, a P/E/G ratio of 4.15 and a beta of 2.86. Advanced Micro Devices, Inc. has a twelve month low of $9.04 and a twelve month high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results 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. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The firm’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. research analysts anticipate that Advanced Micro Devices, Inc. will post 0.32 EPS for the current fiscal year.
In other news, CEO Lisa T. Su sold 100,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Mark D. Papermaster sold 173,630 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $12.08, for a total value of $2,097,450.40. Following the completion of the sale, the insider now directly owns 1,331,579 shares in the company, valued at approximately $16,085,474.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,158,620 shares of company stock worth $13,933,528 in the last ninety days. 1.80% of the stock is owned by company insiders.
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Advanced Micro Devices 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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