Adage Capital Partners GP L.L.C. Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Adage Capital Partners GP L.L.C. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,410,294 shares of the semiconductor manufacturer's stock after selling 43,300 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.09% of Advanced Micro Devices worth $170,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Howard Capital Management Group LLC grew its stake in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock valued at $300,000 after buying an additional 324 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after purchasing an additional 588,595 shares in the last quarter. Advisory Resource Group increased its stake in Advanced Micro Devices by 19.3% during the 3rd quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock worth $1,300,000 after buying an additional 1,282 shares during the period. Westside Investment Management Inc. raised its stake in shares of Advanced Micro Devices by 1.9% in the third quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock valued at $815,000 after acquiring an additional 103 shares in the last quarter. Finally, Anchor Investment Management LLC increased its stake in shares of Advanced Micro Devices by 29.6% during the third quarter. Anchor Investment Management LLC now owns 7,673 shares of the semiconductor manufacturer's stock worth $1,259,000 after buying an additional 1,754 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $2.17 during trading hours on Friday, reaching $96.64. 28,515,570 shares of the company's stock were exchanged, compared to its average volume of 42,814,596. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company's 50 day moving average is $98.72 and its two-hundred day moving average is $120.55. The company has a market cap of $156.20 billion, a P/E ratio of 97.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on AMD shares. Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Wells Fargo & Company cut their price target on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Wedbush cut their target price on Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $140.57.

Advanced Micro Devices 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.