Tudor Investment Corp Et Al Decreases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tudor Investment Corp Et Al lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 63,488 shares of the semiconductor manufacturer’s stock after selling 20,334 shares during the quarter. Tudor Investment Corp Et Al’s holdings in Advanced Micro Devices were worth $4,984,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AMD. Norges Bank purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $991,465,000. Sylebra Capital Ltd raised its holdings in Advanced Micro Devices by 180.6% during the 4th quarter. Sylebra Capital Ltd now owns 3,912,302 shares of the semiconductor manufacturer’s stock valued at $358,797,000 after buying an additional 2,517,962 shares during the period. Van ECK Associates Corp raised its holdings in Advanced Micro Devices by 49.1% during the 1st quarter. Van ECK Associates Corp now owns 4,874,035 shares of the semiconductor manufacturer’s stock valued at $382,611,000 after buying an additional 1,605,887 shares during the period. Ameriprise Financial Inc. raised its holdings in Advanced Micro Devices by 65.7% during the 1st quarter. Ameriprise Financial Inc. now owns 3,234,793 shares of the semiconductor manufacturer’s stock valued at $255,549,000 after buying an additional 1,282,369 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in Advanced Micro Devices by 127.7% during the 1st quarter. Rafferty Asset Management LLC now owns 1,690,150 shares of the semiconductor manufacturer’s stock valued at $132,677,000 after buying an additional 947,903 shares during the period. Institutional investors own 67.57% of the company’s stock.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,055 shares of the firm’s stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $73.39, for a total value of $77,426.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, May 11th. The stock was sold at an average price of $75.00, for a total value of $9,375,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,549,450 shares of the company’s stock, valued at approximately $191,208,750. The disclosure for this sale can be found here. In the last three months, insiders sold 523,070 shares of company stock valued at $42,215,787. Corporate insiders own 1.00% of the company’s stock.

Several analysts recently weighed in on the company. Mizuho increased their price target on Advanced Micro Devices from $105.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Susquehanna Bancshares increased their target price on Advanced Micro Devices from $115.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, April 28th. KeyCorp assumed coverage on Advanced Micro Devices in a research note on Thursday, May 20th. They issued a “sector weight” rating on the stock. Raymond James increased their target price on Advanced Micro Devices from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Finally, Citigroup upgraded Advanced Micro Devices from a “sell” rating to a “neutral” rating and increased their target price for the stock from $17.00 to $95.00 in a research note on Thursday, July 15th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $96.69.

Shares of AMD stock opened at $89.41 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.94 and a current ratio of 2.51. The company has a market capitalization of $108.63 billion, a P/E ratio of 38.05, a P/E/G ratio of 1.31 and a beta of 2.06. The company’s 50-day moving average is $83.76. Advanced Micro Devices, Inc. has a 1-year low of $56.97 and a 1-year high of $99.23.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.20 billion. Advanced Micro Devices had a return on equity of 35.31% and a net margin of 25.24%. The company’s quarterly revenue was up 92.9% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 1.91 EPS for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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