Schroder Investment Management Group Lowers Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Schroder Investment Management Group reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,435,435 shares of the semiconductor manufacturer’s stock after selling 61,908 shares during the period. Schroder Investment Management Group owned about 0.09% of Advanced Micro Devices worth $211,597,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AMD. Addison Advisors LLC increased its stake in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares during the period. Schear Investment Advisers LLC increased its position in shares of Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares during the last quarter. Fiduciary Group LLC raised its holdings in shares of Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of Advanced Micro Devices by 0.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock worth $1,560,000 after purchasing an additional 66 shares during the last quarter. Finally, EWA LLC grew its stake in shares of Advanced Micro Devices by 4.0% during the fourth quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock worth $269,000 after purchasing an additional 70 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 0.7 %

Shares of NASDAQ:AMD traded up $1.09 during trading on Friday, hitting $167.87. The company’s stock had a trading volume of 44,795,998 shares, compared to its average volume of 50,097,296. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The stock’s 50-day moving average price is $161.33 and its two-hundred day moving average price is $161.07. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market capitalization of $271.33 billion, a PE ratio of 246.87, a PEG ratio of 1.92 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 EPS. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

Analysts Set New Price Targets

AMD has been the subject of several research analyst reports. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Mizuho decreased their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Piper Sandler reiterated an “overweight” rating and issued a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Cantor Fitzgerald decreased their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Finally, Evercore ISI cut their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The disclosure for this sale can be found here. Insiders sold a total of 157,400 shares of company stock worth $30,077,126 in the last three months. 0.73% of the stock is owned by insiders.

About Advanced Micro Devices

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.