Envestnet Portfolio Solutions Inc. Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,622 shares of the semiconductor manufacturer’s stock after selling 17,441 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Advanced Micro Devices were worth $8,494,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. MeadowBrook Investment Advisors LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Gables Capital Management Inc. bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Finally, Addison Advisors LLC boosted its stake in Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,850 shares of company stock worth $34,637,833. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 0.3 %

Shares of NASDAQ:AMD traded down $0.50 on Monday, reaching $151.42. The company had a trading volume of 22,299,863 shares, compared to its average volume of 69,470,023. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The firm’s 50 day simple moving average is $172.26 and its 200-day simple moving average is $153.95. The firm has a market capitalization of $244.74 billion, a PE ratio of 224.34, a PEG ratio of 2.35 and a beta of 1.66. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $0.43 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Roth Mkm dropped their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Wednesday, January 24th. JPMorgan Chase & Co. raised their price objective on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Get Our Latest Report on AMD

Advanced Micro Devices Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report).

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.