Nuveen Asset Management LLC Has $540.41 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nuveen Asset Management LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 42.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,473,927 shares of the semiconductor manufacturer's stock after selling 3,289,335 shares during the quarter. Nuveen Asset Management LLC owned 0.28% of Advanced Micro Devices worth $540,406,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $32,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the topic of several analyst reports. Wolfe Research cut Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 16th. DZ Bank raised Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a research report on Thursday, May 8th. Dbs Bank cut Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Susquehanna cut their target price on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. Finally, Melius Research set a $110.00 target price on Advanced Micro Devices in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.45.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $117.72 on Thursday. The stock's 50-day simple moving average is $98.16 and its 200 day simple moving average is $115.79. The stock has a market capitalization of $190.87 billion, a price-to-earnings ratio of 118.91, 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 quick ratio of 1.83 and a current ratio of 2.62. 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 issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its Board of Directors has authorized a share repurchase program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

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.

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