Ardevora Asset Management LLP Sells 80,058 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ardevora Asset Management LLP trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 63.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,245 shares of the semiconductor manufacturer's stock after selling 80,058 shares during the period. Ardevora Asset Management LLP's holdings in Advanced Micro Devices were worth $6,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 0.8% during the third quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer's stock worth $14,400,437,000 after purchasing an additional 1,153,611 shares in the last quarter. State Street Corp lifted its position in shares of Advanced Micro Devices by 1.7% during the first quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer's stock worth $6,375,083,000 after purchasing an additional 1,112,077 shares in the last quarter. Norges Bank acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $1,252,070,000. Northern Trust Corp lifted its position in shares of Advanced Micro Devices by 35.5% during the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer's stock worth $1,868,258,000 after purchasing an additional 4,475,368 shares in the last quarter. Finally, Barclays PLC raised its holdings in Advanced Micro Devices by 38.5% in the second quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer's stock valued at $1,015,677,000 after acquiring an additional 2,479,272 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMD. Bank of America upped their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a "buy" rating in a report on Monday, January 29th. Citigroup upped their price target on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Mizuho upped their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, March 7th. Wells Fargo & Company upped their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an "overweight" rating in a report on Wednesday, January 31st. Finally, Melius raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $185.59.

Advanced Micro Devices Price Performance

AMD traded down $8.44 on Friday, reaching $146.64. The company had a trading volume of 71,618,197 shares, compared to its average volume of 57,647,340. The company has a fifty day moving average of $179.64 and a 200-day moving average of $149.24. The company has a market capitalization of $236.99 billion, a P/E ratio of 282.01, a PEG ratio of 2.23 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. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. Advanced Micro Devices's revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Insider Activity

In other news, insider Victor Peng sold 100,000 shares of the firm's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,143 shares of company stock worth $62,580,844. Corporate insiders own 0.73% of the company's stock.

Advanced Micro Devices Company 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.