New York Life Investment Management LLC Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

New York Life Investment Management LLC lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 0.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 254,349 shares of the semiconductor manufacturer’s stock after selling 1,595 shares during the quarter. New York Life Investment Management LLC’s holdings in Advanced Micro Devices were worth $16,474,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SouthState Corp grew its stake in shares of Advanced Micro Devices by 234.5% in the 3rd quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 272 shares during the last quarter. TD Capital Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $25,000. Duncker Streett & Co. Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $28,000. Western Pacific Wealth Management LP grew its stake in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Western Pacific Wealth Management LP now owns 545 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 161 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its stake in shares of Advanced Micro Devices by 112.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AMD shares. BMO Capital Markets started coverage on Advanced Micro Devices in a report on Wednesday, February 1st. They issued a “buy” rating and a $110.00 price target for the company. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 3rd. Susquehanna raised their price target on Advanced Micro Devices from $115.00 to $120.00 in a report on Wednesday, May 3rd. 58.com reaffirmed a “maintains” rating on shares of Advanced Micro Devices in a report on Wednesday, May 3rd. Finally, Benchmark lifted their price objective on Advanced Micro Devices from $103.00 to $108.00 in a report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.17.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Devinder Kumar sold 16,265 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $94.85, for a total transaction of $1,542,735.25. Following the transaction, the executive vice president now owns 555,750 shares of the company’s stock, valued at approximately $52,712,887.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Advanced Micro Devices news, EVP Devinder Kumar sold 16,265 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $94.85, for a total transaction of $1,542,735.25. Following the transaction, the executive vice president now owns 555,750 shares of the company’s stock, valued at approximately $52,712,887.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Paul Darren Grasby sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $94.85, for a total value of $1,185,625.00. Following the completion of the sale, the executive vice president now directly owns 95,942 shares in the company, valued at approximately $9,100,098.70. The disclosure for this sale can be found here. Insiders have sold a total of 118,765 shares of company stock valued at $10,474,960 in the last quarter. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 2.4 %

AMD stock traded up $2.93 during trading on Friday, reaching $123.28. 20,699,752 shares of the stock traded hands, compared to its average volume of 62,152,289. The firm has a market capitalization of $198.53 billion, a PE ratio of 523.26, a P/E/G ratio of 8.19 and a beta of 1.94. Advanced Micro Devices, Inc. has a 52-week low of $54.57 and a 52-week high of $123.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 1.74. The business’s 50 day moving average price is $95.31 and its 200-day moving average price is $81.58.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The semiconductor manufacturer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Advanced Micro Devices had a return on equity of 7.19% and a net margin of 1.71%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter in the prior year, the business posted $1.02 earnings per share. Advanced Micro Devices’s revenue for the quarter was down 9.1% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.17 earnings per share for the current year.

Advanced Micro Devices Company Profile

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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.