Janus Henderson Group PLC Decreases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Janus Henderson Group PLC cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 65.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,050,708 shares of the semiconductor manufacturer's stock after selling 5,677,380 shares during the period. Janus Henderson Group PLC owned approximately 0.19% of Advanced Micro Devices worth $368,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Segment Wealth Management LLC grew its position in shares of Advanced Micro Devices by 0.5% in the 4th quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock valued at $1,937,000 after buying an additional 87 shares during the last quarter. Breakwater Capital Group increased its position in shares of Advanced Micro Devices by 5.2% during the fourth quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer's stock worth $213,000 after purchasing an additional 88 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Advanced Micro Devices by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock valued at $575,000 after purchasing an additional 91 shares during the last quarter. TFG Advisers LLC boosted its position in shares of Advanced Micro Devices by 2.0% in the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock valued at $573,000 after purchasing an additional 92 shares during the period. Finally, BSW Wealth Partners grew its stake in 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 buying an additional 94 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 4.0%

AMD traded up $4.34 during trading on Tuesday, hitting $112.46. 55,407,263 shares of the stock traded hands, compared to its average volume of 42,693,631. The firm has a 50-day moving average of $97.54 and a 200 day moving average of $115.80. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The firm has a market capitalization of $182.34 billion, a P/E ratio of 113.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

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

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. UBS Group reduced their target price on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Jefferies Financial Group cut Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Barclays lowered their target price on Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Finally, DZ Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price objective on the stock in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $131.13.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.06% of the company's stock.

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.