Mackenzie Financial Corp Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mackenzie Financial Corp lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 190,645 shares of the semiconductor manufacturer’s stock after selling 20,517 shares during the quarter. Mackenzie Financial Corp’s holdings in Advanced Micro Devices were worth $28,103,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Peoples Bank KS acquired a new stake in Advanced Micro Devices during the 3rd quarter worth $26,000. Spartan Planning & Wealth Management acquired a new stake in Advanced Micro Devices during the 3rd quarter worth $27,000. Castleview Partners LLC boosted its stake in Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in Advanced Micro Devices by 54.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 109 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its stake in Advanced Micro Devices by 112.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $190.00 price target on shares of Advanced Micro Devices in a research report on Monday, March 4th. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. Susquehanna reissued a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, April 4th. Finally, Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $185.15.

Advanced Micro Devices Price Performance

AMD stock opened at $154.02 on Thursday. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The business has a 50 day simple moving average of $180.44 and a 200-day simple moving average of $148.23. The company has a market capitalization of $248.92 billion, a P/E ratio of 296.20, a PEG ratio of 2.44 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction 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 owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 over the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Company 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.