New Millennium Group LLC Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

New Millennium Group LLC lessened its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 88.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,880 shares of the semiconductor manufacturer’s stock after selling 21,266 shares during the quarter. New Millennium Group LLC’s holdings in Advanced Micro Devices were worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMD. Norges Bank acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $1,252,070,000. Moneta Group Investment Advisors LLC raised its position in Advanced Micro Devices by 105,415.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock valued at $552,275,000 after acquiring an additional 8,518,629 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Advanced Micro Devices in the first quarter valued at approximately $777,111,000. Northern Trust Corp boosted its position in Advanced Micro Devices by 35.5% in the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock worth $1,868,258,000 after purchasing an additional 4,475,368 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Advanced Micro Devices by 38.5% during the 2nd quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock worth $1,015,677,000 after purchasing an additional 2,479,272 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 0.4 %

Shares of AMD opened at $177.87 on Wednesday. The company’s 50-day moving average price is $180.25 and its 200 day moving average price is $140.19. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The firm has a market cap of $284.59 billion, a P/E ratio of 342.06, a price-to-earnings-growth ratio of 2.69 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period in the prior year, the business posted $0.54 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock worth $59,919,994 over the last ninety days. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AMD shares. Citigroup increased their price target on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. The Goldman Sachs Group upped their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $190.00 target price on shares of Advanced Micro Devices in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

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.