NZS Capital LLC Sells 200,308 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

NZS Capital LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 77.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,498 shares of the semiconductor manufacturer's stock after selling 200,308 shares during the quarter. NZS Capital LLC's holdings in Advanced Micro Devices were worth $7,066,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $32,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm'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 sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

AMD traded up $1.10 during trading hours on Thursday, reaching $98.45. The company's stock had a trading volume of 15,858,230 shares, compared to its average volume of 42,447,050. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company's 50-day moving average is $97.72 and its 200-day moving average is $119.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market cap of $159.13 billion, a PE ratio of 99.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. Citigroup reaffirmed a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, April 16th. Wolfe Research lowered Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Seaport Res Ptn upgraded Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $139.57.

About Advanced Micro Devices

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.