AllSquare Wealth Management LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.9% in the 4th quarter, Holdings Channel reports. The fund owned 6,790 shares of the semiconductor manufacturer’s stock after selling 200 shares during the period. AllSquare Wealth Management LLC’s holdings in Advanced Micro Devices were worth $623,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. Sylebra Capital Ltd purchased a new stake in Advanced Micro Devices during the 3rd quarter worth $114,322,000. Point72 Asset Management L.P. acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $108,613,000. Robeco Institutional Asset Management B.V. increased its position in shares of Advanced Micro Devices by 61.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,255,650 shares of the semiconductor manufacturer’s stock worth $266,929,000 after acquiring an additional 1,233,991 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Advanced Micro Devices by 23.5% in the third quarter. UBS Asset Management Americas Inc. now owns 5,841,883 shares of the semiconductor manufacturer’s stock worth $478,976,000 after acquiring an additional 1,112,059 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Advanced Micro Devices by 34.8% in the fourth quarter. Alliancebernstein L.P. now owns 2,817,664 shares of the semiconductor manufacturer’s stock valued at $258,408,000 after purchasing an additional 727,886 shares during the last quarter. Institutional investors own 67.01% of the company’s stock.
A number of brokerages have issued reports on AMD. JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $86.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 27th. Northland Securities increased their price objective on shares of Advanced Micro Devices from $75.00 to $84.00 and gave the company a “market perform” rating in a research note on Wednesday, January 27th. Cowen raised their price objective on shares of Advanced Micro Devices from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. Cleveland Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating in a research note on Monday, November 16th. Finally, Susquehanna Bancshares increased their price target on shares of Advanced Micro Devices from $85.00 to $95.00 and gave the stock a “positive” rating in a research report on Monday, October 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have given a buy rating to the stock. Advanced Micro Devices has an average rating of “Buy” and an average price target of $87.21.
NASDAQ:AMD traded down $2.53 during trading hours on Tuesday, hitting $82.84. 1,945,067 shares of the stock traded hands, compared to its average volume of 45,263,934. The firm has a 50 day moving average price of $90.94 and a 200 day moving average price of $86.14. The firm has a market cap of $100.34 billion, a price-to-earnings ratio of 107.72, a PEG ratio of 1.14 and a beta of 2.29. Advanced Micro Devices, Inc. has a fifty-two week low of $36.75 and a fifty-two week high of $99.23. The company has a current ratio of 2.28, a quick ratio of 1.74 and a debt-to-equity ratio of 0.10.
Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Monday, January 25th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.03 billion. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. Advanced Micro Devices’s quarterly revenue was up 52.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. Research analysts predict that Advanced Micro Devices, Inc. will post 1.01 EPS for the current year.
In related news, CAO Darla M. Smith sold 2,106 shares of Advanced Micro Devices stock in a transaction on Friday, December 4th. The stock was sold at an average price of $92.76, for a total transaction of $195,352.56. Following the completion of the sale, the chief accounting officer now owns 12,177 shares of the company’s stock, valued at $1,129,538.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 150,000 shares of the business’s stock in a transaction dated Tuesday, December 8th. The shares were sold at an average price of $92.89, for a total value of $13,933,500.00. Following the completion of the transaction, the chief executive officer now owns 2,776,039 shares in the company, valued at approximately $257,866,262.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 235,606 shares of company stock worth $21,542,633. Company insiders own 1.20% of the company’s stock.
About Advanced Micro Devices
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.
Further Reading: How Do You Calculate Return on Equity (ROE)?
Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD).
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.