Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 630 shares of the semiconductor manufacturer’s stock after selling 256 shares during the quarter. Meeder Asset Management Inc.’s holdings in Advanced Micro Devices were worth $76,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AMD. Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. State Street Corp increased its stake in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the period. Geode Capital Management LLC raised its holdings in shares of Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after buying an additional 441,924 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after buying an additional 290,784 shares during the period. Finally, Norges Bank purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $2,867,193,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMD. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Mizuho decreased their price target 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. Loop Capital began coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. Finally, KeyCorp dropped their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $152.72.

Advanced Micro Devices Price Performance

AMD stock opened at $102.78 on Wednesday. The company has a market cap of $166.55 billion, a PE ratio of 103.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. 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 50-day moving average price of $108.62 and a two-hundred day moving average price of $130.00. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting 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 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.73% of the company’s stock.

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.