Advanced Micro Devices, Inc. (AMD) Position Reduced by AQR Capital Management LLC

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AQR Capital Management LLC lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 49.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,198 shares of the semiconductor manufacturer’s stock after selling 122,003 shares during the period. AQR Capital Management LLC’s holdings in Advanced Micro Devices were worth $3,806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MinichMacGregor Wealth Management LLC boosted its holdings in Advanced Micro Devices by 257.7% in the third quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $101,000 after acquiring an additional 2,319 shares in the last quarter. Bell Rock Capital LLC bought a new position in Advanced Micro Devices in the third quarter worth approximately $128,000. Signaturefd LLC boosted its holdings in Advanced Micro Devices by 199.1% in the third quarter. Signaturefd LLC now owns 4,839 shares of the semiconductor manufacturer’s stock worth $149,000 after acquiring an additional 3,221 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Advanced Micro Devices by 450.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 6,052 shares of the semiconductor manufacturer’s stock worth $187,000 after acquiring an additional 4,952 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC bought a new position in Advanced Micro Devices in the third quarter worth approximately $189,000. 58.90% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on the company. Robert W. Baird cut their price target on Advanced Micro Devices from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. BidaskClub lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Mizuho increased their price target on Advanced Micro Devices from $20.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, September 18th. Daiwa Capital Markets assumed coverage on Advanced Micro Devices in a report on Sunday, December 30th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, TheStreet lowered Advanced Micro Devices from a “b-” rating to a “c” rating in a report on Friday, October 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Advanced Micro Devices has an average rating of “Hold” and an average target price of $24.31.

In related news, insider Mark D. Papermaster sold 50,000 shares of Advanced Micro Devices stock in a transaction on Monday, October 15th. The stock was sold at an average price of $26.17, for a total transaction of $1,308,500.00. Following the completion of the sale, the insider now owns 1,262,198 shares of the company’s stock, valued at $33,031,721.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Harry A. Wolin sold 18,070 shares of Advanced Micro Devices stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $17.40, for a total value of $314,418.00. Following the sale, the senior vice president now directly owns 1,366,877 shares of the company’s stock, valued at approximately $23,783,659.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 697,674 shares of company stock valued at $14,100,402. 1.80% of the stock is owned by company insiders.

Shares of NASDAQ AMD opened at $20.27 on Friday. The firm has a market capitalization of $20.18 billion, a PE ratio of 253.38, a P/E/G ratio of 2.74 and a beta of 3.38. Advanced Micro Devices, Inc. has a fifty-two week low of $9.04 and a fifty-two week high of $34.14. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.76 and a quick ratio of 1.37.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Advanced Micro Devices had a return on equity of 47.21% and a net margin of 5.51%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 0.34 earnings per share for the current year.

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Advanced Micro Devices Profile

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

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

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