Zevenbergen Capital Investments LLC Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Zevenbergen Capital Investments LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 2.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,027,098 shares of the semiconductor manufacturer’s stock after selling 25,299 shares during the period. Advanced Micro Devices comprises about 3.5% of Zevenbergen Capital Investments LLC’s holdings, making the stock its 9th biggest position. Zevenbergen Capital Investments LLC’s holdings in Advanced Micro Devices were worth $151,405,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Advanced Micro Devices by 104.6% in the 4th quarter. Private Advisor Group LLC now owns 99,165 shares of the semiconductor manufacturer’s stock valued at $14,574,000 after purchasing an additional 2,278,076 shares during the last quarter. Sylebra Capital LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth approximately $227,566,000. Atreides Management LP increased its position in shares of Advanced Micro Devices by 114.3% during the 3rd quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock valued at $351,925,000 after purchasing an additional 1,825,557 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Advanced Micro Devices in the third quarter worth $169,199,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $1.85 during trading hours on Friday, hitting $164.47. The company’s stock had a trading volume of 65,944,362 shares, compared to its average volume of 47,430,504. The stock has a market cap of $265.83 billion, a PE ratio of 241.87, a price-to-earnings-growth ratio of 2.51 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a 50 day moving average of $167.27 and a 200 day moving average of $155.72. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.62 EPS for the current fiscal year.

Insider Activity

In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold 165,650 shares of company stock worth $31,761,199 over the last three months. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Roth Mkm reduced their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Finally, KeyCorp cut their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $185.26.

Read Our Latest Analysis on AMD

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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