Calamos Advisors LLC Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Calamos Advisors LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 21.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 585,971 shares of the semiconductor manufacturer's stock after selling 162,395 shares during the period. Calamos Advisors LLC's holdings in Advanced Micro Devices were worth $86,378,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMD. Xponance Inc. grew its holdings in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Xponance Inc. now owns 306,309 shares of the semiconductor manufacturer's stock worth $45,153,000 after purchasing an additional 6,701 shares during the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Advanced Micro Devices by 36.2% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer's stock worth $40,000 after buying an additional 72 shares in the last quarter. Twin Capital Management Inc. grew its stake in Advanced Micro Devices by 69.7% in the fourth quarter. Twin Capital Management Inc. now owns 24,243 shares of the semiconductor manufacturer's stock valued at $3,574,000 after purchasing an additional 9,953 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Advanced Micro Devices by 16.6% during the 4th quarter. Federated Hermes Inc. now owns 892,352 shares of the semiconductor manufacturer's stock worth $131,542,000 after acquiring an additional 126,988 shares during the period. Finally, Wright Investors Service Inc. boosted its stake in shares of Advanced Micro Devices by 49.5% during the 4th quarter. Wright Investors Service Inc. now owns 9,198 shares of the semiconductor manufacturer's stock worth $1,356,000 after acquiring an additional 3,047 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. Evercore ISI began coverage on shares of Advanced Micro Devices in a report on Tuesday. They issued an "outperform" rating and a $200.00 target price for the company. Wells Fargo & Company lifted their price target on Advanced Micro Devices from $165.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, January 31st. Northland Securities raised Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $195.00 target price on the stock in a research note on Wednesday, January 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $190.00 price target on shares of Advanced Micro Devices in a report on Monday, March 4th. Finally, Citigroup increased their target price on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $185.59.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company's stock, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 in the last quarter. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $1.06 on Thursday, reaching $155.08. The stock had a trading volume of 52,621,231 shares, compared to its average volume of 74,677,984. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The company has a market cap of $250.63 billion, a P/E ratio of 298.24, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The business's 50 day moving average is $180.16 and its two-hundred day moving average is $148.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts' consensus estimates of $0.77. The business had revenue of $6.17 billion for the quarter, compared to analysts' expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $0.54 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 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.