Advanced Micro Devices, Inc. (NASDAQ:AMD) is Coatue Management LLC’s 3rd Largest Position

Coatue Management LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 12,485,898 shares of the semiconductor manufacturer’s stock after purchasing an additional 23,383 shares during the period. Advanced Micro Devices accounts for about 7.7% of Coatue Management LLC’s portfolio, making the stock its 3rd largest position. Coatue Management LLC’s holdings in Advanced Micro Devices were worth $1,840,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bare Financial Services Inc bought a new position in Advanced Micro Devices in the 4th quarter worth $29,000. MeadowBrook Investment Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth $29,000. Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth $29,000. Kathleen S. Wright Associates Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Addison Advisors LLC raised its holdings in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 62 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.8 %

Shares of AMD traded up $1.28 on Wednesday, reaching $160.24. 48,233,868 shares of the company’s stock were exchanged, compared to its average volume of 66,682,859. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $259.00 billion, a P/E ratio of 235.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69. The business has a 50 day moving average price of $160.07 and a two-hundred day moving average price of $162.14. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the topic of several research analyst reports. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. KeyCorp decreased their price target on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Barclays raised their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Mizuho decreased their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Morgan Stanley lowered shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 target price on the stock. in a research report on Monday. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $185.68.

Advanced Micro Devices 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.