Equitable Holdings Inc. Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Equitable Holdings Inc. cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 9.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,020 shares of the semiconductor manufacturer’s stock after selling 6,432 shares during the period. Equitable Holdings Inc.’s holdings in Advanced Micro Devices were worth $8,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMD. Buckingham Strategic Wealth LLC bought a new stake in shares of Advanced Micro Devices during the third quarter valued at about $237,000. Oxbow Advisors LLC increased its position in shares of Advanced Micro Devices by 8.8% during the third quarter. Oxbow Advisors LLC now owns 12,877 shares of the semiconductor manufacturer’s stock valued at $1,325,000 after buying an additional 1,044 shares during the period. CX Institutional increased its position in shares of Advanced Micro Devices by 11.5% during the third quarter. CX Institutional now owns 2,311 shares of the semiconductor manufacturer’s stock valued at $238,000 after buying an additional 239 shares during the period. US Bancorp DE increased its position in shares of Advanced Micro Devices by 19.3% during the third quarter. US Bancorp DE now owns 106,241 shares of the semiconductor manufacturer’s stock valued at $10,932,000 after buying an additional 17,151 shares during the period. Finally, BOKF NA bought a new position in shares of Advanced Micro Devices in the third quarter worth approximately $6,761,000. Hedge funds and other institutional investors own 69.61% of the company’s stock.

AMD has been the topic of several research analyst reports. Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Tuesday, February 22nd. Zacks Investment Research cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating and set a $117.00 price target on the stock. in a research report on Tuesday, April 5th. Rosenblatt Securities increased their price target on shares of Advanced Micro Devices from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 2nd. Mizuho reduced their price target on shares of Advanced Micro Devices from $160.00 to $145.00 in a research report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. increased their price objective on Advanced Micro Devices from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, February 2nd. Eleven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $142.15.

In related news, Director John Edward Caldwell sold 10,000 shares of Advanced Micro Devices stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $109.28, for a total value of $1,092,800.00. Following the completion of the sale, the director now directly owns 4,672 shares in the company, valued at approximately $510,556.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 20,180 shares of the business’s stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of $125.00, for a total value of $2,522,500.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Shares of NASDAQ:AMD traded down $3.15 on Wednesday, hitting $99.32. 2,090,021 shares of the company traded hands, compared to its average volume of 112,220,752. Advanced Micro Devices, Inc. has a 52 week low of $72.76 and a 52 week high of $164.46. The company has a quick ratio of 1.96, a current ratio of 2.40 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $101.07 and a 200-day simple moving average of $121.91. The company has a market cap of $160.95 billion, a PE ratio of 38.09, a PEG ratio of 0.73 and a beta of 1.87.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.22. Advanced Micro Devices had a return on equity of 20.66% and a net margin of 17.98%. The firm had revenue of $5.89 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the company earned $0.47 earnings per share. The company’s revenue was up 70.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.98 earnings per share for the current year.

Advanced Micro Devices Company Profile (Get Rating)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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

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