Manchester Global Management UK Ltd Reduces Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Manchester Global Management UK Ltd lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 40.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,008 shares of the semiconductor manufacturer’s stock after selling 67,738 shares during the quarter. Advanced Micro Devices comprises about 1.6% of Manchester Global Management UK Ltd’s investment portfolio, making the stock its 20th biggest position. Manchester Global Management UK Ltd’s holdings in Advanced Micro Devices were worth $12,080,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. KLP Kapitalforvaltning AS acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $65,897,000. Enzi Wealth purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $569,000. Welch Group LLC raised its holdings in Advanced Micro Devices by 6.3% in the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock valued at $6,179,000 after buying an additional 2,981 shares during the period. Stonegate Investment Group LLC grew its position in Advanced Micro Devices by 39.5% in the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock valued at $61,896,000 after acquiring an additional 145,067 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Advanced Micro Devices by 19.8% during the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock valued at $212,943,000 after purchasing an additional 289,110 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $85.56 on Tuesday. The firm has a 50 day moving average of $100.41 and a 200-day moving average of $122.42. The stock has a market capitalization of $138.29 billion, a PE ratio of 86.43, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Mizuho decreased their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Susquehanna decreased their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.90.

Advanced Micro Devices Profile

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.