BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $574.07 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,498,721 shares of the semiconductor manufacturer’s stock after selling 684,771 shares during the quarter. Advanced Micro Devices accounts for approximately 1.4% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings, making the stock its 6th largest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.22% of Advanced Micro Devices worth $574,070,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. King Luther Capital Management Corp grew its position in Advanced Micro Devices by 7.7% during the third quarter. King Luther Capital Management Corp now owns 54,994 shares of the semiconductor manufacturer’s stock valued at $9,023,000 after buying an additional 3,919 shares during the period. Cornerstone Advisors LLC raised its holdings in Advanced Micro Devices by 11.7% in the 3rd quarter. Cornerstone Advisors LLC now owns 70,400 shares of the semiconductor manufacturer’s stock worth $11,551,000 after purchasing an additional 7,400 shares during the period. Citizens Financial Group Inc. RI lifted its position in shares of Advanced Micro Devices by 11.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 15,954 shares of the semiconductor manufacturer’s stock valued at $2,618,000 after buying an additional 1,583 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Advanced Micro Devices by 10.9% during the third quarter. Moors & Cabot Inc. now owns 21,018 shares of the semiconductor manufacturer’s stock valued at $3,449,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Altman Advisors Inc. bought a new position in Advanced Micro Devices in the 3rd quarter worth $1,493,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 1.3 %

Shares of NASDAQ:AMD opened at $137.60 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The stock has a market cap of $223.30 billion, a price-to-earnings ratio of 123.96, a PEG ratio of 1.87 and a beta of 1.71. The business has a 50-day moving average price of $154.22 and a 200-day moving average price of $154.82.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMD shares. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating for the company. Susquehanna reaffirmed a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Barclays cut their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Finally, Citigroup decreased their target price on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

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.