STF Management LP Sells 2,444 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

STF Management LP cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,194 shares of the semiconductor manufacturer’s stock after selling 2,444 shares during the period. Advanced Micro Devices makes up about 1.7% of STF Management LP’s portfolio, making the stock its 12th biggest holding. STF Management LP’s holdings in Advanced Micro Devices were worth $3,806,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in shares of Advanced Micro Devices by 17,137.3% during the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock worth $1,289,818,000 after acquiring an additional 7,815,305 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Advanced Micro Devices by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Advanced Micro Devices by 42.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock worth $1,381,679,000 after acquiring an additional 2,497,056 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $296,178,000. Finally, Swedbank AB bought a new stake in shares of Advanced Micro Devices during the 1st quarter worth approximately $290,842,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AMD shares. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Edward Jones initiated coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating on the stock. Finally, Morgan Stanley reduced their price objective on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $137.21 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $116.37 and a twelve month high of $227.30. The business has a 50-day moving average price of $153.95 and a 200 day moving average price of $154.70. The firm has a market cap of $222.67 billion, a PE ratio of 123.61, a P/E/G ratio of 1.93 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business earned $0.53 EPS. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

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.