Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,410,294 shares of the semiconductor manufacturer’s stock after selling 43,300 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Advanced Micro Devices were worth $170,349,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AMD. Oxford Wealth Group LLC lifted its position in Advanced Micro Devices by 93.1% during the fourth quarter. Oxford Wealth Group LLC now owns 2,381 shares of the semiconductor manufacturer’s stock valued at $288,000 after buying an additional 1,148 shares in the last quarter. Pinebridge Investments L.P. raised its stake in shares of Advanced Micro Devices by 25.9% in the 4th quarter. Pinebridge Investments L.P. now owns 344,776 shares of the semiconductor manufacturer’s stock valued at $41,645,000 after acquiring an additional 70,819 shares during the period. Crake Asset Management LLP lifted its holdings in shares of Advanced Micro Devices by 22.4% during the 4th quarter. Crake Asset Management LLP now owns 1,652,945 shares of the semiconductor manufacturer’s stock valued at $199,659,000 after acquiring an additional 302,000 shares in the last quarter. Alta Advisers Ltd boosted its position in Advanced Micro Devices by 22.5% during the 4th quarter. Alta Advisers Ltd now owns 5,392 shares of the semiconductor manufacturer’s stock worth $651,000 after purchasing an additional 992 shares during the period. Finally, FSA Wealth Management LLC boosted its position in Advanced Micro Devices by 56.7% during the 4th quarter. FSA Wealth Management LLC now owns 387 shares of the semiconductor manufacturer’s stock worth $47,000 after purchasing an additional 140 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Trading Up 0.8 %

Shares of AMD opened at $86.26 on Wednesday. The stock’s fifty day simple moving average is $99.90 and its 200-day simple moving average is $122.17. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $139.42 billion, a PE ratio of 87.13, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Ratings Changes

AMD has been the topic of a number of recent research reports. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, February 6th. TD Cowen reduced their target price on shares of Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $142.23.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.