William Blair Investment Management LLC Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

William Blair Investment Management LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,118,127 shares of the semiconductor manufacturer’s stock after selling 333,754 shares during the quarter. William Blair Investment Management LLC owned approximately 0.13% of Advanced Micro Devices worth $255,849,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMD. Flagship Wealth Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $62,000. 1ST Source Bank boosted its holdings in shares of Advanced Micro Devices by 109.3% in the fourth quarter. 1ST Source Bank now owns 4,894 shares of the semiconductor manufacturer’s stock worth $591,000 after buying an additional 2,556 shares during the last quarter. Gold Investment Management Ltd. grew its position in shares of Advanced Micro Devices by 18.3% during the 4th quarter. Gold Investment Management Ltd. now owns 2,259 shares of the semiconductor manufacturer’s stock valued at $273,000 after acquiring an additional 350 shares during the period. Nicholas Company Inc. raised its holdings in Advanced Micro Devices by 21.7% in the 4th quarter. Nicholas Company Inc. now owns 411,557 shares of the semiconductor manufacturer’s stock worth $49,712,000 after purchasing an additional 73,264 shares during the period. Finally, First National Advisers LLC raised its holdings in Advanced Micro Devices by 11.9% in the 4th quarter. First National Advisers LLC now owns 4,828 shares of the semiconductor manufacturer’s stock worth $583,000 after purchasing an additional 512 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. KeyCorp dropped their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Melius Research restated a “hold” rating and set a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Finally, Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock opened at $100.97 on Monday. 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 stock has a market cap of $163.62 billion, a P/E ratio of 101.99, a P/E/G ratio of 1.11 and a beta of 1.74. The firm has a 50 day simple moving average of $112.05 and a 200 day simple moving average of $133.14. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $193.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal 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.