Krane Funds Advisors LLC Cuts Holdings in Advanced Micro Devices, Inc. (AMD)

Krane Funds Advisors LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,849 shares of the semiconductor manufacturer’s stock after selling 3,391 shares during the quarter. Krane Funds Advisors LLC’s holdings in Advanced Micro Devices were worth $660,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMD. Louisiana State Employees Retirement System raised its stake in Advanced Micro Devices by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the semiconductor manufacturer’s stock valued at $1,187,000 after purchasing an additional 400 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Advanced Micro Devices by 24.4% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,566 shares of the semiconductor manufacturer’s stock valued at $47,000 after purchasing an additional 503 shares in the last quarter. Cigna Investments Inc. New raised its stake in Advanced Micro Devices by 2.3% in the fourth quarter. Cigna Investments Inc. New now owns 25,940 shares of the semiconductor manufacturer’s stock valued at $479,000 after purchasing an additional 585 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Advanced Micro Devices by 0.7% in the first quarter. Crossmark Global Holdings Inc. now owns 97,180 shares of the semiconductor manufacturer’s stock valued at $2,480,000 after purchasing an additional 637 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in Advanced Micro Devices by 0.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 152,362 shares of the semiconductor manufacturer’s stock valued at $2,813,000 after purchasing an additional 646 shares in the last quarter. Hedge funds and other institutional investors own 58.78% of the company’s stock.

Shares of Advanced Micro Devices stock traded up $0.41 on Wednesday, hitting $27.73. The stock had a trading volume of 25,567,219 shares, compared to its average volume of 62,435,008. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 2.08. Advanced Micro Devices, Inc. has a one year low of $12.16 and a one year high of $34.14. The stock has a market capitalization of $28.38 billion, a price-to-earnings ratio of 79.22, a P/E/G ratio of 1.57 and a beta of 3.37.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Advanced Micro Devices had a net margin of 4.46% and a return on equity of 25.23%. The firm’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 0.55 earnings per share for the current fiscal year.

Several research analysts have commented on AMD shares. Cowen lifted their price target on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $18.00 to $20.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 30th. Daiwa Capital Markets set a $27.00 price target on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Saturday, February 2nd. ValuEngine downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, Nomura started coverage on shares of Advanced Micro Devices in a research note on Tuesday, April 2nd. They set a “buy” rating and a $33.00 price target on the stock. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.31.

In other Advanced Micro Devices news, SVP Paul Darren Grasby sold 6,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $27.54, for a total transaction of $165,240.00. Following the completion of the transaction, the senior vice president now owns 28,979 shares of the company’s stock, valued at $798,081.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $22.07, for a total value of $1,103,500.00. Following the transaction, the chief executive officer now directly owns 2,311,264 shares of the company’s stock, valued at approximately $51,009,596.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 732,664 shares of company stock worth $18,831,429. 1.50% of the stock is currently owned by company insiders.

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Advanced Micro Devices Company Profile

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 (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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