CenterBook Partners LP Sells 64,770 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

CenterBook Partners LP reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 88.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,698 shares of the semiconductor manufacturer’s stock after selling 64,770 shares during the quarter. CenterBook Partners LP’s holdings in Advanced Micro Devices were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. APG Asset Management US Inc. boosted its position in shares of Advanced Micro Devices by 2.9% in the 4th quarter. APG Asset Management US Inc. now owns 50,949 shares of the semiconductor manufacturer’s stock worth $6,154,000 after purchasing an additional 1,423 shares during the last quarter. APG Asset Management N.V. boosted its holdings in Advanced Micro Devices by 675.9% during the fourth quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer’s stock worth $180,401,000 after buying an additional 1,347,203 shares during the last quarter. Advisory Services Network LLC grew its position in shares of Advanced Micro Devices by 14.1% during the 4th quarter. Advisory Services Network LLC now owns 98,330 shares of the semiconductor manufacturer’s stock worth $11,877,000 after buying an additional 12,177 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $3,792,000. Finally, Renaissance Technologies LLC boosted its stake in Advanced Micro Devices by 142.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,176,490 shares of the semiconductor manufacturer’s stock worth $142,108,000 after acquiring an additional 691,700 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price objective for the company from $135.00 to $120.00 in a research report on Thursday, March 27th. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.76.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $93.40 on Friday. The company has a market cap of $150.96 billion, a price-to-earnings ratio of 94.34, a PEG ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $102.89 and its 200 day simple moving average is $125.81. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.