Janus Henderson Group PLC Lowers Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Janus Henderson Group PLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 65.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,050,708 shares of the semiconductor manufacturer’s stock after selling 5,677,380 shares during the quarter. Janus Henderson Group PLC’s holdings in Advanced Micro Devices were worth $368,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the 4th quarter valued at $25,000. Greenline Partners LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $28,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $32,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wedbush restated an “outperform” rating and issued a $120.00 price objective (up previously from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Melius Research set a $110.00 price target on Advanced Micro Devices in a research note on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Bank of America upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Wednesday, May 7th. Finally, Susquehanna cut their price target on Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.13.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $102.84 on Monday. The business’s 50-day moving average price is $97.41 and its two-hundred day moving average price is $116.14. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The stock has a market cap of $166.22 billion, a P/E ratio of 103.88, a PEG ratio of 1.11 and a beta of 1.97. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The company’s revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity 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 stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by insiders.

About Advanced Micro Devices

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.