Cresset Asset Management LLC Has $3.52 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cresset Asset Management LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 20.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,206 shares of the semiconductor manufacturer’s stock after selling 8,400 shares during the quarter. Cresset Asset Management LLC’s holdings in Advanced Micro Devices were worth $3,521,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Advanced Micro Devices by 36.9% in the 1st quarter. Vanguard Group Inc. now owns 133,525,143 shares of the semiconductor manufacturer’s stock valued at $14,599,640,000 after purchasing an additional 36,016,818 shares during the period. BlackRock Inc. lifted its stake in shares of Advanced Micro Devices by 34.6% in the 1st quarter. BlackRock Inc. now owns 119,569,366 shares of the semiconductor manufacturer’s stock valued at $13,073,716,000 after purchasing an additional 30,732,205 shares during the period. State Street Corp raised its stake in Advanced Micro Devices by 5.5% during the 4th quarter. State Street Corp now owns 47,680,903 shares of the semiconductor manufacturer’s stock worth $6,861,282,000 after buying an additional 2,487,113 shares during the period. Fisher Asset Management LLC raised its stake in Advanced Micro Devices by 22.2% during the 1st quarter. Fisher Asset Management LLC now owns 24,387,801 shares of the semiconductor manufacturer’s stock worth $2,666,562,000 after buying an additional 4,431,251 shares during the period. Finally, Geode Capital Management LLC raised its stake in Advanced Micro Devices by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 19,885,441 shares of the semiconductor manufacturer’s stock worth $2,853,395,000 after buying an additional 593,949 shares during the period. Institutional investors and hedge funds own 65.45% of the company’s stock.

Advanced Micro Devices Trading Up 3.2 %

Advanced Micro Devices stock opened at $85.45 on Monday. The stock has a 50-day simple moving average of $88.88 and a 200 day simple moving average of $95.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.44. The stock has a market capitalization of $137.94 billion, a P/E ratio of 35.90, a PEG ratio of 0.79 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52 week low of $71.60 and a 52 week high of $164.46.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.52 billion. Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. During the same quarter last year, the business earned $0.58 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 824 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $99.31, for a total transaction of $81,831.44. Following the completion of the sale, the senior vice president now directly owns 276,816 shares in the company, valued at $27,490,596.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Forrest Eugene Norrod sold 824 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $99.31, for a total value of $81,831.44. Following the completion of the sale, the senior vice president now directly owns 276,816 shares in the company, valued at $27,490,596.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 32,694 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the completion of the sale, the executive vice president now owns 37,800 shares of the company’s stock, valued at $2,910,222. The disclosure for this sale can be found here. Insiders sold 161,518 shares of company stock worth $15,378,613 over the last three months. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday, August 4th. Mizuho dropped their price objective on Advanced Micro Devices from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. KeyCorp dropped their price objective on Advanced Micro Devices from $150.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $100.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, June 14th. Finally, KGI Securities raised Advanced Micro Devices from a “neutral” rating to an “outperform” rating and set a $125.00 price objective on the stock in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.80.

About Advanced Micro Devices

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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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