Franklin Resources Inc. Has $840.17 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Franklin Resources Inc. lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,955,590 shares of the semiconductor manufacturer’s stock after selling 411,831 shares during the period. Franklin Resources Inc.’s holdings in Advanced Micro Devices were worth $840,166,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $29,000. Summit Securities Group LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 3.2 %

Shares of NASDAQ:AMD opened at $103.22 on Monday. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.28. The firm has a market cap of $167.27 billion, a P/E ratio of 104.26, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $109.39 and its two-hundred day moving average price is $130.68.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In other news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMD has been the subject of several analyst reports. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Finally, Argus set a $160.00 price objective on Advanced Micro Devices in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.72.

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.