Chartwell Investment Partners LLC Sells 21,928 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Chartwell Investment Partners LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,536 shares of the semiconductor manufacturer’s stock after selling 21,928 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Advanced Micro Devices were worth $8,120,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. OmniStar Financial Group Inc. lifted its position in Advanced Micro Devices by 12.7% in the 4th quarter. OmniStar Financial Group Inc. now owns 8,402 shares of the semiconductor manufacturer’s stock valued at $771,000 after acquiring an additional 947 shares in the last quarter. CI Investments Inc. lifted its position in Advanced Micro Devices by 9.3% in the 4th quarter. CI Investments Inc. now owns 2,878,382 shares of the semiconductor manufacturer’s stock valued at $263,976,000 after acquiring an additional 244,907 shares in the last quarter. Equitable Holdings Inc. lifted its position in Advanced Micro Devices by 17.2% in the 4th quarter. Equitable Holdings Inc. now owns 45,352 shares of the semiconductor manufacturer’s stock valued at $4,159,000 after acquiring an additional 6,672 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Advanced Micro Devices by 7.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 401,728 shares of the semiconductor manufacturer’s stock valued at $36,842,000 after acquiring an additional 26,174 shares in the last quarter. Finally, Infini Master Fund bought a new stake in Advanced Micro Devices in the 4th quarter valued at $229,000. 67.01% of the stock is currently owned by institutional investors and hedge funds.

In other Advanced Micro Devices news, CEO Lisa T. Su sold 150,000 shares of the firm’s stock in a transaction on Tuesday, December 8th. The stock was sold at an average price of $92.89, for a total transaction of $13,933,500.00. Following the transaction, the chief executive officer now owns 2,776,039 shares in the company, valued at approximately $257,866,262.71. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Forrest Eugene Norrod sold 81,500 shares of the firm’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $88.80, for a total value of $7,237,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 235,606 shares of company stock worth $21,542,633. Corporate insiders own 1.20% of the company’s stock.

NASDAQ:AMD opened at $85.37 on Tuesday. The stock has a market cap of $103.41 billion, a P/E ratio of 115.36, a PEG ratio of 1.14 and a beta of 2.29. The stock has a 50 day simple moving average of $90.94 and a 200 day simple moving average of $86.14. The company has a current ratio of 2.28, a quick ratio of 1.74 and a debt-to-equity ratio of 0.10. Advanced Micro Devices, Inc. has a 1-year low of $36.75 and a 1-year high of $99.23.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Monday, January 25th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the firm posted $0.32 EPS. The firm’s revenue for the quarter was up 52.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 1.01 EPS for the current year.

Several brokerages have commented on AMD. The Goldman Sachs Group boosted their price target on shares of Advanced Micro Devices from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, December 14th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on shares of Advanced Micro Devices to $13.00 and gave the stock a “sell” rating in a research report on Wednesday, October 28th. Mizuho boosted their price target on shares of Advanced Micro Devices from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, January 27th. Northland Securities boosted their price target on shares of Advanced Micro Devices from $75.00 to $84.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 27th. Finally, Susquehanna Bancshares boosted their price target on shares of Advanced Micro Devices from $85.00 to $95.00 and gave the stock a “positive” rating in a research report on Monday, October 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $87.21.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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