Palisade Capital Management LP has a $16.09 million stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Palisade Capital Management LP reduced its holdings in Advanced Micro Devices, Inc., according to its latest Form 13F filing with the Securities and Exchange Commission. (NASDAQ:AMD – Free Report) up 37.3% in the fourth quarter. The fund owned 109,143 shares of the semiconductor maker after selling 64,950 shares during the period. At the end of the last quarter, Palisade Capital Management LP’s stock in Advanced Micro Devices was worth $16,089,000.

A number of other hedge funds have also recently made changes to their industry positions. In the third quarter, Vanguard Group Inc. increased its holdings in Advanced Micro Devices shares by 0.8%. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor maker’s stock valued at $14,400,437,000 after purchasing an additional 1,153,611 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor maker’s stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor maker’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Jennison Associates LLC increased its holdings in shares of Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor maker’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Finally, Norges Bank purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $3,426,529,000. 71.34% of the shares are held by institutional investors and hedge funds.

Advanced micro device stocks fell 0.2%

Shares of NASDAQ:AMD opened at $159.63 on Friday. The company’s market capitalization is $258.01 billion, price-to-earnings ratio is 234.75, P/E/G ratio is 1.85 and beta is 1.69. The company has a debt to equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company’s 50-day moving average is $159.73 and its 200-day moving average is $162.39. Advanced Micro Devices, Inc. it has a 1-year low of $93.11 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share (EPS) for the quarter, $0.01 above the analyst consensus of $0.61. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue for the quarter was $5.47 billion, compared to the consensus estimate of $5.48 billion. During the same period last year, the company earned $0.43 EPS. The company’s revenue increased by 2.2% compared to the same quarter last year. Stock research analysts predict that Advanced Micro Devices, Inc. will report 2.61 earnings per share for the current year.

Changes in analyst ratings

Many stock market analysts have recently commented on the company. Wedbush maintained an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the company’s stock in a research note on Tuesday, May 7th. Evercore ISI lowered their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Barclays increased their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4. Finally, Roth Mkm lowered their target price on Advanced Micro Devices from $190.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven rated the company’s shares with a buy rating. The company currently has an average rating of “Moderate Buy” and a consensus price target of $190.16, according to MarketBeat.com.

Download our latest research report on AMD

Confidential activity at Advanced Micro Devices

In related news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities and Exchange Commission, available at this link. Currently, corporate insiders own 0.73% of the shares.

Advanced Micro Devices company profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

Advanced micro device stocks fell 0.2%

Changes in analyst ratings

Confidential activity at Advanced Micro Devices

Advanced Micro Devices company profile

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