Boston Partners Has $404.25 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Boston Partners decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 14.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,831,113 shares of the semiconductor manufacturer's stock after selling 470,928 shares during the period. Boston Partners owned 0.18% of Advanced Micro Devices worth $404,254,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMD. Chase Investment Counsel Corp raised its stake in shares of Advanced Micro Devices by 0.7% during the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer's stock worth $1,772,000 after acquiring an additional 87 shares in the last quarter. Washburn Capital Management Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $231,000. Pathway Financial Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $229,000. Independence Bank of Kentucky boosted its position in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer's stock worth $541,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth $1,759,000. Institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, May 1st. HSBC upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. Morgan Stanley cut their price target on shares of Advanced Micro Devices from $193.00 to $177.00 and set an "overweight" rating on the stock in a research note on Monday, April 29th. Wedbush reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Mizuho dropped their price target on Advanced Micro Devices from $235.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $183.94.

Insider Buying and Selling at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the transaction, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Joseph A. Householder sold 6,572 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares of the company's stock, valued at approximately $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. In the last three months, insiders sold 181,850 shares of company stock worth $34,637,833. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

AMD stock traded down $0.47 during trading on Friday, reaching $151.92. 37,652,770 shares of the company were exchanged, compared to its average volume of 52,004,952. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market cap of $245.55 billion, a P/E ratio of 223.42, a PEG ratio of 2.35 and a beta of 1.66. The stock's 50 day moving average price is $172.26 and its 200 day moving average price is $153.95.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analysts' expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal 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.