Cibc World Markets Corp Has $35.25 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cibc World Markets Corp decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 291,801 shares of the semiconductor manufacturer’s stock after selling 213,223 shares during the quarter. Cibc World Markets Corp’s holdings in Advanced Micro Devices were worth $35,247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. State Street Corp raised its stake in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after buying an additional 1,580,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Advanced Micro Devices by 8.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock worth $3,195,000,000 after buying an additional 1,565,083 shares during the last quarter. Alecta Tjanstepension Omsesidigt bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $165,952,000. Finally, Clear Street Derivatives LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $110,496,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several recent research reports. Benchmark reiterated a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Morgan Stanley set a $137.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Bank of America lowered their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $100.97 on Monday. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $193.50. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market cap of $163.62 billion, a PE ratio of 101.99, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The firm has a 50-day moving average of $112.05 and a 200-day moving average of $133.14.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was purchased 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 approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.73% of the company’s stock.

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.