Oasis Management Co Ltd. Has $556,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Oasis Management Co Ltd. reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 96.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,770 shares of the semiconductor manufacturer’s stock after selling 108,230 shares during the quarter. Oasis Management Co Ltd.’s holdings in Advanced Micro Devices were worth $556,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter worth $3,426,529,000. International Assets Investment Management LLC increased its stake in Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after acquiring an additional 3,714,069 shares during the period. Capital World Investors raised its position in Advanced Micro Devices by 176.9% in the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after purchasing an additional 2,982,704 shares in the last quarter. Private Advisor Group LLC lifted its stake in Advanced Micro Devices by 104.6% during the fourth quarter. Private Advisor Group LLC now owns 99,165 shares of the semiconductor manufacturer’s stock worth $14,574,000 after purchasing an additional 2,278,076 shares during the period. Finally, Sylebra Capital LLC acquired a new stake in Advanced Micro Devices during the third quarter valued at approximately $227,566,000. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction that occurred on 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 sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,650 shares of company stock worth $31,761,199. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on AMD shares. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Mizuho lowered their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Citigroup reduced their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. KeyCorp lowered their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Finally, Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Advanced Micro Devices Stock Up 3.7 %

AMD traded up $5.93 during trading on Friday, reaching $166.36. 54,868,646 shares of the stock were exchanged, compared to its average volume of 48,877,128. 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 stock’s 50 day moving average price is $164.25 and its two-hundred day moving average price is $158.01. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The stock has a market cap of $268.89 billion, a P/E ratio of 244.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced 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. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

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.