Crestline Management LP Takes $18.96 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Crestline Management LP purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 157,000 shares of the semiconductor manufacturer's stock, valued at approximately $18,964,000. Advanced Micro Devices makes up about 0.6% of Crestline Management LP's portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Advantage Inc. boosted its position in shares of Advanced Micro Devices by 1.6% in the fourth quarter. Capital Advantage Inc. now owns 28,808 shares of the semiconductor manufacturer's stock worth $3,480,000 after buying an additional 466 shares during the period. Captrust Financial Advisors lifted its stake in Advanced Micro Devices by 3.4% in the 4th quarter. Captrust Financial Advisors now owns 78,273 shares of the semiconductor manufacturer's stock worth $9,455,000 after acquiring an additional 2,592 shares in the last quarter. Cardiff Park Advisors LLC boosted its position in Advanced Micro Devices by 4.1% during the 4th quarter. Cardiff Park Advisors LLC now owns 7,805 shares of the semiconductor manufacturer's stock worth $943,000 after acquiring an additional 308 shares during the period. Cary Street Partners Financial LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $4,027,000. Finally, Caxton Associates LP grew its stake in Advanced Micro Devices by 22.2% in the fourth quarter. Caxton Associates LP now owns 1,100,038 shares of the semiconductor manufacturer's stock valued at $132,874,000 after purchasing an additional 200,038 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMD. Melius Research set a $110.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Raymond James reissued an "outperform" rating and issued a $120.00 price target (down from $150.00) on shares of Advanced Micro Devices in a report on Wednesday. Morgan Stanley cut their target price on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating for the company in a research note on Wednesday. Evercore ISI decreased their price objective on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, Melius cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their target price for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $131.13.

Advanced Micro Devices Stock Up 1.3 %

NASDAQ AMD traded up $1.30 during trading hours on Thursday, hitting $101.66. 54,110,135 shares of the company traded hands, compared to its average volume of 42,536,532. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The business's 50-day moving average is $97.30 and its 200-day moving average is $117.39. The stock has a market capitalization of $164.31 billion, a price-to-earnings ratio of 102.69, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 earnings per share. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 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.