Advanced Micro Devices, Inc. (AMD) Stake Decreased by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,500 shares of the semiconductor manufacturer’s stock after selling 3,500 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Advanced Micro Devices were worth $778,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AMD. Penserra Capital Management LLC lifted its position in Advanced Micro Devices by 37.9% during the 4th quarter. Penserra Capital Management LLC now owns 43,426 shares of the semiconductor manufacturer’s stock worth $800,000 after acquiring an additional 11,932 shares during the period. QUANTRES ASSET MANAGEMENT Ltd lifted its holdings in shares of Advanced Micro Devices by 30.5% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 68,400 shares of the semiconductor manufacturer’s stock valued at $1,263,000 after buying an additional 16,000 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 261.3% in the 4th quarter. Parallel Advisors LLC now owns 6,139 shares of the semiconductor manufacturer’s stock valued at $113,000 after buying an additional 4,440 shares during the period. Northern Trust Corp lifted its holdings in shares of Advanced Micro Devices by 9.0% in the 4th quarter. Northern Trust Corp now owns 9,969,648 shares of the semiconductor manufacturer’s stock valued at $184,040,000 after buying an additional 823,765 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Advanced Micro Devices by 8.1% in the 4th quarter. Comerica Bank now owns 260,940 shares of the semiconductor manufacturer’s stock valued at $5,023,000 after buying an additional 19,584 shares during the period. 58.68% of the stock is owned by hedge funds and other institutional investors.

In other Advanced Micro Devices news, SVP Paul Darren Grasby sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $27.54, for a total transaction of $165,240.00. Following the completion of the sale, the senior vice president now directly owns 28,979 shares in the company, valued at approximately $798,081.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ahmed Yahia sold 51,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $24.08, for a total value of $1,228,080.00. Following the sale, the director now owns 82,806 shares of the company’s stock, valued at $1,993,968.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 732,664 shares of company stock valued at $18,831,429. 1.50% of the stock is owned by company insiders.

Shares of Advanced Micro Devices stock opened at $27.32 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.57. Advanced Micro Devices, Inc. has a twelve month low of $12.16 and a twelve month high of $34.14. The stock has a market capitalization of $28.38 billion, a P/E ratio of 78.06, a price-to-earnings-growth ratio of 1.63 and a beta of 3.37.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Advanced Micro Devices had a return on equity of 25.23% and a net margin of 4.46%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the business earned $0.11 EPS. Advanced Micro Devices’s revenue for the quarter was down 22.8% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices, Inc. will post 0.55 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on AMD. Bank of America boosted their price objective on Advanced Micro Devices from $30.00 to $35.00 and gave the company a “buy” rating in a report on Monday, April 8th. Mizuho boosted their price objective on Advanced Micro Devices from $28.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Barclays boosted their price objective on Advanced Micro Devices from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Zacks Investment Research raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Credit Suisse Group boosted their price objective on Advanced Micro Devices from $13.50 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.31.

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About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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

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