BDF Gestion Has $8.74 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

BDF Gestion trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,324 shares of the semiconductor manufacturer’s stock after selling 9,392 shares during the period. Advanced Micro Devices makes up approximately 0.8% of BDF Gestion’s investment portfolio, making the stock its 22nd largest position. BDF Gestion’s holdings in Advanced Micro Devices were worth $8,736,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMD. Creative Capital Management Investments LLC raised its position in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC grew its holdings in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares during the period. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $32,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth about $41,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $117.35 on Thursday. The company has a 50-day moving average of $127.14 and a two-hundred day moving average of $142.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a one year low of $112.80 and a one year high of $227.30. The stock has a market cap of $190.44 billion, a price-to-earnings ratio of 105.72, a PEG ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last ninety days. Insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price target for the company from $160.00 to $129.00 in a research note on Tuesday. Barclays cut their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. UBS Group decreased their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Bank of America cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the company from $180.00 to $155.00 in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $171.86.

About Advanced Micro Devices

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.