Advanced Micro Devices, Inc. (AMD) Holdings Trimmed by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 32.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 207,221 shares of the semiconductor manufacturer’s stock after selling 98,000 shares during the period. Gulf International Bank UK Ltd’s holdings in Advanced Micro Devices were worth $3,825,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. World Asset Management Inc grew its stake in shares of Advanced Micro Devices by 3.6% during the 3rd quarter. World Asset Management Inc now owns 57,906 shares of the semiconductor manufacturer’s stock valued at $1,789,000 after purchasing an additional 2,014 shares during the period. MinichMacGregor Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 257.7% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $101,000 after purchasing an additional 2,319 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Advanced Micro Devices by 2.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 130,626 shares of the semiconductor manufacturer’s stock valued at $4,035,000 after purchasing an additional 3,134 shares during the period. Signaturefd LLC grew its stake in shares of Advanced Micro Devices by 199.1% during the 3rd quarter. Signaturefd LLC now owns 4,839 shares of the semiconductor manufacturer’s stock valued at $149,000 after purchasing an additional 3,221 shares during the period. Finally, National Pension Service grew its stake in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. National Pension Service now owns 1,092,400 shares of the semiconductor manufacturer’s stock valued at $33,744,000 after purchasing an additional 3,300 shares during the period. 58.90% of the stock is owned by institutional investors and hedge funds.

NASDAQ:AMD opened at $20.27 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $34.14. The firm has a market cap of $20.18 billion, a P/E ratio of 253.38, a P/E/G ratio of 2.74 and a beta of 3.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.76.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Advanced Micro Devices had a return on equity of 47.21% and a net margin of 5.51%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. Advanced Micro Devices’s quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 0.34 EPS for the current year.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 83,396 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $17.40, for a total value of $1,451,090.40. Following the sale, the chief executive officer now owns 2,388,171 shares in the company, valued at $41,554,175.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Forrest Eugene Norrod sold 62,500 shares of the stock in a transaction on Monday, November 12th. The stock was sold at an average price of $19.78, for a total value of $1,236,250.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 697,674 shares of company stock worth $14,100,402. Insiders own 1.80% of the company’s stock.

AMD has been the subject of a number of recent research reports. upgraded Advanced Micro Devices to a “positive” rating in a research note on Thursday, October 4th. Stifel Nicolaus upped their price objective on Advanced Micro Devices from $21.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, September 19th. Royal Bank of Canada initiated coverage on Advanced Micro Devices in a report on Monday, September 24th. They set an “outperform” rating and a $40.00 price objective on the stock. Barclays upped their price objective on Advanced Micro Devices from $15.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday, October 1st. Finally, Jefferies Financial Group upped their price objective on Advanced Micro Devices from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, September 21st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.31.

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Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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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