Connors Investor Services Inc. Has $10.60 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Connors Investor Services Inc. cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 87,772 shares of the semiconductor manufacturer’s stock after selling 4,079 shares during the period. Connors Investor Services Inc.’s holdings in Advanced Micro Devices were worth $10,602,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Schonfeld Strategic Advisors LLC lifted its stake in Advanced Micro Devices by 63.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 421,990 shares of the semiconductor manufacturer’s stock valued at $50,972,000 after acquiring an additional 163,536 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Advanced Micro Devices by 55.9% during the fourth quarter. AQR Capital Management LLC now owns 276,832 shares of the semiconductor manufacturer’s stock valued at $33,439,000 after purchasing an additional 99,317 shares in the last quarter. Northern Trust Corp boosted its holdings in Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after purchasing an additional 2,874,012 shares during the last quarter. Quarry LP grew its position in Advanced Micro Devices by 489.1% in the 4th quarter. Quarry LP now owns 1,614 shares of the semiconductor manufacturer’s stock worth $195,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Berger Financial Group Inc increased its stake in Advanced Micro Devices by 7.2% in the 4th quarter. Berger Financial Group Inc now owns 4,270 shares of the semiconductor manufacturer’s stock valued at $516,000 after buying an additional 285 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Bank of America lowered their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Finally, Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $139.57.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on 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 completion of the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $96.06 on Wednesday. The firm has a 50-day moving average of $97.99 and a 200 day moving average of $119.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market cap of $155.26 billion, a P/E ratio of 97.03, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS 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.