Sycomore Asset Management Has $8.21 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sycomore Asset Management increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 62.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,942 shares of the semiconductor manufacturer’s stock after acquiring an additional 26,020 shares during the quarter. Sycomore Asset Management’s holdings in Advanced Micro Devices were worth $8,207,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Advanced Micro Devices by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock worth $1,584,515,000 after purchasing an additional 177,700 shares during the period. Swiss National Bank grew its position in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock worth $787,186,000 after buying an additional 12,500 shares during the period. Shum Financial Group Inc. bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $858,000. State Street Corp raised its position in shares of Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after acquiring an additional 441,924 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several recent analyst reports. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Mizuho lowered their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Melius Research reiterated a “hold” rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Wells Fargo & Company lowered their price target on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Susquehanna cut their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $107.56 on Monday. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The company has a market capitalization of $174.30 billion, a price-to-earnings ratio of 108.65, a PEG ratio of 1.04 and a beta of 1.65. The company has a 50-day simple moving average of $123.42 and a 200 day simple moving average of $139.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate 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 predict that Advanced Micro Devices, Inc. will post 4.11 earnings per share 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.