iA Global Asset Management Inc. Lowers Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

iA Global Asset Management Inc. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,914 shares of the semiconductor manufacturer’s stock after selling 60,142 shares during the period. iA Global Asset Management Inc.’s holdings in Advanced Micro Devices were worth $21,128,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMD. Van ECK Associates Corp grew its position in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after acquiring an additional 2,238,866 shares during the last quarter. State Street Corp grew its position in Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Advanced Micro Devices by 8.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after buying an additional 1,565,083 shares during the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in Advanced Micro Devices in the 4th quarter valued at $165,952,000. Finally, Clear Street Derivatives LLC purchased a new position in Advanced Micro Devices in the 3rd quarter valued at $110,496,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 2.6 %

Advanced Micro Devices stock opened at $106.23 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market cap of $172.14 billion, a PE ratio of 107.30, a P/E/G ratio of 1.11 and a beta of 1.74. The stock has a 50-day moving average price of $110.76 and a 200 day moving average price of $132.35. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.69.

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

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMD. KeyCorp lowered their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Bank of America lowered their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Mizuho reduced their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Finally, Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.14.

Advanced Micro Devices 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.