Sienna Gestion Lowers Stock Holdings in Advanced Micro Devices, Inc. $AMD

Sienna Gestion reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,257 shares of the semiconductor manufacturer’s stock after selling 5,698 shares during the quarter. Sienna Gestion’s holdings in Advanced Micro Devices were worth $7,266,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fieldview Capital Management LLC bought a new position in Advanced Micro Devices during the 3rd quarter valued at approximately $2,211,000. Russell Investments Group Ltd. boosted its holdings in Advanced Micro Devices by 28.7% in the third quarter. Russell Investments Group Ltd. now owns 946,122 shares of the semiconductor manufacturer’s stock worth $153,004,000 after acquiring an additional 211,183 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its holdings in Advanced Micro Devices by 23.9% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 7,343 shares of the semiconductor manufacturer’s stock worth $1,188,000 after acquiring an additional 1,415 shares in the last quarter. SNS Financial Group LLC grew its stake in shares of Advanced Micro Devices by 4.4% in the third quarter. SNS Financial Group LLC now owns 2,115 shares of the semiconductor manufacturer’s stock worth $342,000 after acquiring an additional 90 shares during the last quarter. Finally, Fort Sheridan Advisors LLC grew its stake in shares of Advanced Micro Devices by 26.9% in the third quarter. Fort Sheridan Advisors LLC now owns 6,618 shares of the semiconductor manufacturer’s stock worth $1,071,000 after acquiring an additional 1,404 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the completion of the sale, the executive vice president owned 289,098 shares in the company, valued at approximately $62,679,337.38. This represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the transaction, the chief executive officer directly owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. This represents a 3.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 271,892 shares of company stock worth $58,476,908 in the last ninety days. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several recent analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Monday, February 2nd. Wells Fargo & Company reissued an “overweight” rating and set a $345.00 price objective on shares of Advanced Micro Devices in a research report on Friday, January 30th. The Goldman Sachs Group raised their price objective on shares of Advanced Micro Devices from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Phillip Securities raised shares of Advanced Micro Devices from a “moderate buy” rating to a “strong-buy” rating in a report on Sunday, February 8th. Finally, Roth Mkm reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $290.53.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $192.50 on Monday. The firm’s 50-day moving average price is $217.77 and its 200-day moving average price is $209.22. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The company has a market cap of $313.85 billion, a PE ratio of 72.64, a PEG ratio of 0.72 and a beta of 1.98. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $9.65 billion. During the same period in the previous year, the company earned $1.09 earnings per share. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.