Candriam S.C.A. Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Candriam S.C.A. lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 966,347 shares of the semiconductor manufacturer’s stock after selling 54,580 shares during the quarter. Candriam S.C.A. owned about 0.06% of Advanced Micro Devices worth $87,175,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can lifted its stake in Advanced Micro Devices by 1.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,319,031 shares of the semiconductor manufacturer’s stock valued at $129,497,000 after acquiring an additional 24,892 shares during the period. Axiom Investors LLC DE boosted its holdings in Advanced Micro Devices by 27.4% in the first quarter. Axiom Investors LLC DE now owns 236,428 shares of the semiconductor manufacturer’s stock valued at $23,172,000 after purchasing an additional 50,822 shares during the last quarter. Wills Financial Group Inc. raised its stake in shares of Advanced Micro Devices by 2.7% during the 1st quarter. Wills Financial Group Inc. now owns 11,455 shares of the semiconductor manufacturer’s stock valued at $1,123,000 after buying an additional 304 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its stake in shares of Advanced Micro Devices by 8.2% in the first quarter. Sound View Wealth Advisors Group LLC now owns 7,610 shares of the semiconductor manufacturer’s stock worth $746,000 after buying an additional 576 shares during the last quarter. Finally, Element Capital Management LLC acquired a new stake in Advanced Micro Devices during the first quarter worth about $21,641,000. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $2.72 on Thursday, reaching $106.56. The stock had a trading volume of 26,108,821 shares, compared to its average volume of 64,298,781. The business’s 50-day moving average price is $111.13 and its 200 day moving average price is $103.12. The stock has a market cap of $172.17 billion, a P/E ratio of -5,327.34, a price-to-earnings-growth ratio of 6.15 and a beta of 1.80. Advanced Micro Devices, Inc. has a 12-month low of $54.57 and a 12-month high of $132.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.58 and a current ratio of 2.18.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same period last year, the firm posted $0.91 EPS. Advanced Micro Devices’s revenue for the quarter was down 18.2% on a year-over-year basis. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total value of $8,369,250.00. Following the sale, the chief executive officer now directly owns 3,192,774 shares in the company, valued at $356,281,650.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total value of $8,369,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,192,774 shares of the company’s stock, valued at $356,281,650.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Harry A. Wolin sold 74,473 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $125.98, for a total value of $9,382,108.54. Following the sale, the senior vice president now directly owns 1,424,864 shares in the company, valued at approximately $179,504,366.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 301,116 shares of company stock worth $35,952,543. 0.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $120.00 to $150.00 in a research note on Wednesday, June 14th. Robert W. Baird raised their target price on Advanced Micro Devices from $100.00 to $170.00 in a research report on Wednesday, June 14th. Mizuho upped their price target on Advanced Micro Devices from $90.00 to $140.00 in a report on Wednesday, June 14th. Raymond James raised their price objective on Advanced Micro Devices from $110.00 to $145.00 in a report on Wednesday, June 14th. Finally, StockNews.com began coverage on Advanced Micro Devices in a research note on Thursday, August 17th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $135.19.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.