Tortoise Investment Management LLC Has $65,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tortoise Investment Management LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 442 shares of the semiconductor manufacturer’s stock after selling 85 shares during the period. Tortoise Investment Management LLC’s holdings in Advanced Micro Devices were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $3,426,529,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Advanced Micro Devices by 813.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock valued at $685,089,000 after purchasing an additional 4,138,612 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Advanced Micro Devices by 15,896.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares during the last quarter. Capital World Investors boosted its holdings in Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after purchasing an additional 2,982,704 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after buying an additional 2,553,392 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AMD shares. Morgan Stanley downgraded Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target for the company. in a research note on Monday, June 10th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. TD Cowen lifted their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Barclays upped their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock traded down $0.27 during midday trading on Friday, reaching $159.63. 34,054,023 shares of the company’s stock traded hands, compared to its average volume of 51,510,504. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The company has a market cap of $258.01 billion, a price-to-earnings ratio of 234.75, a PEG ratio of 1.84 and a beta of 1.69. The company has a 50-day simple moving average of $159.73 and a two-hundred day simple moving average of $162.67. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the business posted $0.43 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current year.

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.