Mackenzie Financial Corp Has $28.10 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mackenzie Financial Corp lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 190,645 shares of the semiconductor manufacturer’s stock after selling 20,517 shares during the period. Mackenzie Financial Corp’s holdings in Advanced Micro Devices were worth $28,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Washburn Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth about $231,000. Independence Bank of Kentucky boosted its position in shares of Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after acquiring an additional 1,677 shares in the last quarter. Meridian Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 135.6% during the 3rd quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after acquiring an additional 118,090 shares in the last quarter. Gendell Jeffrey L acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $3,085,000. Finally, Sara Bay Financial acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $315,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 5.8 %

AMD opened at $154.02 on Thursday. The company’s 50 day moving average is $180.44 and its 200-day moving average is $148.23. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a market cap of $248.92 billion, a P/E ratio of 296.20, a PEG ratio of 2.44 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the company posted $0.54 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,143 shares of company stock worth $62,580,844. Corporate insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research report on Wednesday, January 31st. Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, April 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $190.00 price target on shares of Advanced Micro Devices in a research report on Monday, March 4th. DZ Bank restated a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Finally, Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $185.15.

Advanced Micro Devices Company 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.