DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 18,136 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 467,512 shares of the semiconductor manufacturer's stock after selling 18,136 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Advanced Micro Devices were worth $56,471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Segment Wealth Management LLC boosted its stake in Advanced Micro Devices by 0.5% in the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock worth $1,937,000 after purchasing an additional 87 shares in the last quarter. Breakwater Capital Group lifted its holdings in shares of Advanced Micro Devices by 5.2% in the fourth quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer's stock valued at $213,000 after purchasing an additional 88 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in Advanced Micro Devices by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after purchasing an additional 91 shares during the last quarter. TFG Advisers LLC raised its position in Advanced Micro Devices by 2.0% during the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after acquiring an additional 92 shares in the last quarter. Finally, BSW Wealth Partners boosted its stake in shares of Advanced Micro Devices by 1.1% during the 4th quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock worth $1,068,000 after acquiring an additional 94 shares during the period. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMD. Barclays lowered their price objective on Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Melius Research set a $110.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. Mizuho decreased their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Finally, Evercore ISI reduced their price objective on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $131.13.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the 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 completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Up 1.3 %

Shares of NASDAQ AMD opened at $101.66 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market cap of $164.31 billion, a price-to-earnings ratio of 102.69, a PEG ratio of 1.11 and a beta of 1.97. The business's 50 day moving average is $97.37 and its two-hundred day moving average is $117.01. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company 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 firm's revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.62 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.

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