Boston Partners Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by Nearly 100%

Boston Partners has significantly reduced its investment in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 99.8% during the fourth quarter, as reported in its latest Form 13F filing with the Securities and Exchange Commission (SEC). After this divestment, the institutional investor held 4,588 shares of the semiconductor company, following the sale of 2,545,049 shares in that quarter.

According to the most recent filing, Boston Partners' remaining stake in Advanced Micro Devices is valued at approximately $554,000.

Changes by Other Investors

Several other institutional investors have also made adjustments to their positions in Advanced Micro Devices. For instance, State Street Corp increased its ownership of the semiconductor manufacturer by 2.3% in the third quarter. State Street now owns a total of 70,170,271 shares, worth around $11.51 billion, after acquiring an additional 1,580,035 shares.

Additionally, Geode Capital Management LLC raised its stake in Advanced Micro Devices by 1.3% during the third quarter, bringing its total to 34,243,843 shares valued at about $5.60 billion, following the purchase of 441,924 shares. Similarly, Fisher Asset Management LLC increased its holdings by 1.2% in the fourth quarter, owning 24,086,020 shares valued at approximately $2.91 billion.

UBS Asset Management's distinct business unit also increased its stake by 8.7% in the third quarter, now holding 19,472,211 shares worth around $3.20 billion. Lastly, Van ECK Associates Corp boosted its position in the fourth quarter by 23.3%, leading to a total of 11,859,744 shares valued at about $1.43 billion. Overall, hedge funds and institutional investors collectively own 71.34% of Advanced Micro Devices' shares.

Advanced Micro Devices Stock Overview

On the trading front, Advanced Micro Devices shares opened at $106.44 on Friday. The company boasts a market capitalization of $172.48 billion, a price-to-earnings (P/E) ratio of 107.52, and a P/E to growth (P/E/G) ratio of 1.11, alongside a beta of 1.74. Its stock has fluctuated between a 52-week low of $94.73 and a high of $187.28. Key financial indicators for the company include a quick ratio of 1.83, a current ratio of 2.62, and a low debt-to-equity ratio of 0.03. The firm's 50-day moving average stands at $110.28, while the 200-day moving average is at $131.84.

Recent Earnings Report

Advanced Micro Devices reported its latest quarterly earnings on February 4th, revealing an earnings per share (EPS) of $1.07 for the quarter, aligning with market expectations. The company recorded a net margin of 6.36% and a return on equity of 7.42%. Analysts predict that Advanced Micro Devices will report an EPS of 3.87 for the coming fiscal year.

Analysts and Price Targets

Recently, various research analysts have shared their insights on Advanced Micro Devices stock. Loop Capital began coverage on January 14th, establishing a "buy" rating and setting a price target of $175.00. In contrast, Morgan Stanley set a target of $137.00 in their report dated February 5th. Mizuho has downgraded their target from $140.00 to $120.00 while maintaining an "outperform" rating, as noted in a report on March 14th. Furthermore, Benchmark reiterated a "buy" rating with a target price of $170.00, and Wedbush provided a similar "outperform" rating with a target of $150.00. Currently, the stock holds an average rating of "Moderate Buy" from analysts, with a consensus price target of $155.14.

Insider Trading Activity

In insider trading news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices on February 7th, purchasing them at an average price of $107.56 each, totaling approximately $499,616. Following this transaction, Guido's total shares amount to 33,522, valued at around $3.61 million, representing a 16.09% increase in his holdings. Notably, insiders own about 0.73% of the company's stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc. is a global semiconductor company engaged in manufacturing various products, including x86 microprocessors, graphics processing units (GPUs), chipsets, and embedded processors. Its operations consist of several segments: Data Center, Client, Gaming, and Embedded.

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