Cibc World Markets Corp lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 21.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 682,042 shares of the semiconductor manufacturer’s stock after selling 181,314 shares during the quarter. Advanced Micro Devices makes up approximately 0.6% of Cibc World Markets Corp’s holdings, making the stock its 26th biggest position. Cibc World Markets Corp’s holdings in Advanced Micro Devices were worth $43,214,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Buckingham Strategic Wealth LLC boosted its stake in shares of Advanced Micro Devices by 69.8% during the 3rd quarter. Buckingham Strategic Wealth LLC now owns 5,644 shares of the semiconductor manufacturer’s stock worth $358,000 after acquiring an additional 2,320 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of Advanced Micro Devices by 33.3% during the 2nd quarter. Cetera Advisors LLC now owns 38,324 shares of the semiconductor manufacturer’s stock worth $2,931,000 after acquiring an additional 9,573 shares in the last quarter. Strs Ohio boosted its stake in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. Strs Ohio now owns 665,740 shares of the semiconductor manufacturer’s stock worth $42,181,000 after acquiring an additional 1,858 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in shares of Advanced Micro Devices by 8.0% during the 3rd quarter. First Heartland Consultants Inc. now owns 4,676 shares of the semiconductor manufacturer’s stock worth $296,000 after acquiring an additional 347 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 9.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 652,898 shares of the semiconductor manufacturer’s stock worth $49,927,000 after acquiring an additional 57,619 shares in the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.
Advanced Micro Devices Stock Down 1.6 %
Shares of NASDAQ:AMD traded down $1.27 during midday trading on Tuesday, reaching $77.23. The company had a trading volume of 17,771,429 shares, compared to its average volume of 56,943,469. Advanced Micro Devices, Inc. has a 1-year low of $54.57 and a 1-year high of $125.67. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.05. The stock has a market cap of $124.52 billion, a PE ratio of 89.21, a P/E/G ratio of 4.71 and a beta of 1.99. The business’s 50 day moving average price is $72.57 and its 200 day moving average price is $73.83.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Advanced Micro Devices had a return on equity of 8.52% and a net margin of 5.59%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same quarter last year, the company posted $0.83 earnings per share. Advanced Micro Devices’s quarterly revenue was up 16.0% on a year-over-year basis. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.43 EPS for the current fiscal year.
Insider Buying and Selling
In other news, EVP Rick Bergman sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $85.88, for a total transaction of $257,640.00. Following the completion of the sale, the executive vice president now owns 155,232 shares in the company, valued at $13,331,324.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Rick Bergman sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $85.88, for a total transaction of $257,640.00. Following the completion of the sale, the executive vice president now owns 155,232 shares in the company, valued at $13,331,324.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $85.19, for a total value of $2,555,700.00. Following the sale, the executive vice president now owns 1,516,945 shares of the company’s stock, valued at approximately $129,228,544.55. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,153 shares of company stock worth $3,959,395. Company insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. UBS Group upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and increased their target price for the company from $75.00 to $95.00 in a research note on Monday, November 14th. Northland Securities increased their target price on Advanced Micro Devices from $60.00 to $68.00 and gave the company a “market perform” rating in a research note on Wednesday, February 1st. Robert W. Baird upgraded Advanced Micro Devices from a “neutral” rating to an “outperform” rating and increased their target price for the company from $65.00 to $100.00 in a research note on Monday, November 14th. StockNews.com upgraded Advanced Micro Devices to a “sell” rating in a research note on Friday, December 9th. Finally, Benchmark increased their target price on Advanced Micro Devices from $93.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $92.93.
Advanced Micro Devices Profile
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.