QRG Capital Management Inc. Sells 5,355 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

QRG Capital Management Inc. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,349 shares of the semiconductor manufacturer’s stock after selling 5,355 shares during the quarter. QRG Capital Management Inc.’s holdings in Advanced Micro Devices were worth $21,301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Swedbank AB lifted its position in shares of Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after purchasing an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC increased its stake in shares of Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 324 shares during the period. Pallas Capital Advisors LLC increased its stake in shares of Advanced Micro Devices by 2.2% during the third quarter. Pallas Capital Advisors LLC now owns 3,836 shares of the semiconductor manufacturer’s stock valued at $589,000 after buying an additional 82 shares during the period. Boston Financial Mangement LLC increased its stake in shares of Advanced Micro Devices by 1.4% during the third quarter. Boston Financial Mangement LLC now owns 5,654 shares of the semiconductor manufacturer’s stock valued at $928,000 after buying an additional 80 shares during the period. Finally, Integrated Advisors Network LLC increased its stake in shares of Advanced Micro Devices by 17.7% during the third quarter. Integrated Advisors Network LLC now owns 21,823 shares of the semiconductor manufacturer’s stock valued at $3,581,000 after buying an additional 3,278 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $104.74 on Thursday. The business’s 50 day moving average price is $117.72 and its 200 day moving average price is $137.42. The firm has a market cap of $169.73 billion, a P/E ratio of 105.80, a P/E/G ratio of 1.11 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $103.62 and a 52 week high of $227.30. 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 (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Philip Guido acquired 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, 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 position. The disclosure for this purchase can be found here. 0.65% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Stifel Nicolaus cut their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Bank of America cut their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. KeyCorp cut their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.