Artisan Partners Limited Partnership Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Artisan Partners Limited Partnership lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,323,052 shares of the semiconductor manufacturer’s stock after selling 452,574 shares during the quarter. Advanced Micro Devices makes up about 1.1% of Artisan Partners Limited Partnership’s holdings, making the stock its 21st largest holding. Artisan Partners Limited Partnership’s holdings in Advanced Micro Devices were worth $763,761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMD. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $32,000. Finally, IAG Wealth Partners LLC lifted its position in Advanced Micro Devices by 74.7% during the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 118 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $110.19 on Thursday. The firm has a market cap of $178.56 billion, a PE ratio of 111.30, a P/E/G ratio of 1.11 and a beta of 1.74. The business has a 50-day moving average price of $109.99 and a 200 day moving average price of $131.31. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AMD shares. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday. Stifel Nicolaus reduced their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Bank of America lowered their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Melius Research restated a “hold” rating and set a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Finally, Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. 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 stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $155.14.

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.