Onex Canada Asset Management Inc. sells 7,049 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

According to its latest filing with the Securities and Exchange Commission (SEC), Onex Canada Asset Management Inc. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) up 22.7% in the fourth quarter. The company owned 23,989 shares of the semiconductor maker after selling 7,049 shares during the quarter. At the end of the last reporting period, the value of shares in Onex Canada Asset Management Inc. at Advanced Micro Devices was $3,536,000.

Other institutional investors also increased or decreased their stakes in the company. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $27,000. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. In the fourth quarter, Gables Capital Management Inc. purchased new shares of Advanced Micro Devices worth $29,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $30,000. Currently, 71.34% of the shares are held by institutional investors.

Confidential activity

In related news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction amount of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Insiders own 0.73% of the company’s shares.

Analyst Upgrades and Downgrades

Many analysts have recently commented on the company. Jefferies Financial Group addressed the topic of Advanced Micro Devices in a research report published on Monday, May 13. They gave the company a “buy” rating and a target price of $190.00. Cantor Fitzgerald lowered their target price on Advanced Micro Devices from $190.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Morgan Stanley downgraded Advanced Micro Devices from “overweight” to “equal weight” and set a price target for the company at $176.00. in the research report on Monday, June 10. Piper Sandler maintained an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, in a research report on Tuesday, April 16, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the stock from $180.00 to $225.00. One analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven gave a buy rating. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of Moderate Buy and a consensus price target of $190.16.

See our latest report on AMD

The turnover of advanced micro devices decreased by 0.2%

On Friday, AMD shares closed at $159.63. The stock has a market value of $258.01 billion, a price-to-earnings ratio of 234.75, a PEG ratio of 1.85 and a beta of 1.69. The stock has a 50-day moving average of $159.73 and a 200-day moving average of $162.39. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt to equity ratio of 0.03. 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) released its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, $0.01 above the consensus estimate of $0.61. The company had revenue of $5.47 billion for the quarter, compared to analyst expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s quarterly revenue increased 2.2% year-over-year. During the same quarter last year, the company reported earnings per share of $0.43. On average, equity research analysts forecast that Advanced Micro Devices, Inc. will report 2.61 earnings per share for the current year.

Advanced microdevice 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.

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