Bender Robert & Associates Sells 7,041 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bender Robert & Associates lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,176 shares of the semiconductor manufacturer’s stock after selling 7,041 shares during the quarter. Advanced Micro Devices accounts for approximately 1.8% of Bender Robert & Associates’ portfolio, making the stock its 18th largest holding. Bender Robert & Associates’ holdings in Advanced Micro Devices were worth $7,510,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Advanced Micro Devices by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock valued at $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Advanced Micro Devices by 0.3% during the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after purchasing an additional 12,500 shares during the last quarter. Shum Financial Group Inc. purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $858,000. State Street Corp lifted its holdings 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 valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.1 %

Shares of NASDAQ AMD opened at $96.76 on Wednesday. The firm’s 50-day moving average price is $113.39 and its 200-day moving average price is $134.17. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $156.80 billion, a price-to-earnings ratio of 97.74, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $202.85.

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

Insider Buying and Selling

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly 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 filing with the SEC, which is available at this link. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on AMD. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Friday, February 7th. Bank of America decreased 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. Finally, HSBC reiterated a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $155.83.

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.