Desjardins Global Asset Management Inc. Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Desjardins Global Asset Management Inc. lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 63.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,661 shares of the semiconductor manufacturer’s stock after selling 17,043 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Advanced Micro Devices were worth $1,424,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMD. Peoples Bank KS purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $26,000. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices in the third quarter worth approximately $27,000. Castleview Partners LLC boosted its holdings in shares of Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 90 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Advanced Micro Devices by 54.8% in the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 109 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in shares of Advanced Micro Devices by 112.5% in the first quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMD shares. Citigroup raised their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. TD Cowen lifted their price target on shares of Advanced Micro Devices from $130.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, Truist Financial lifted their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.15.

Insider Buying and Selling at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock worth $59,919,994 over the last quarter. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Up 2.0 %

AMD stock opened at $163.46 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The stock has a market capitalization of $264.17 billion, a price-to-earnings ratio of 314.35, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. The firm’s fifty day simple moving average is $180.78 and its two-hundred day simple moving average is $148.19.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

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.