Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by AM Investment Strategies LLC

AM Investment Strategies LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,889 shares of the semiconductor manufacturer’s stock after selling 191 shares during the quarter. AM Investment Strategies LLC’s holdings in Advanced Micro Devices were worth $228,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc boosted its holdings in shares of Advanced Micro Devices by 12.0% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after buying an additional 60 shares during the last quarter. Wealth Effects LLC boosted its holdings in shares of Advanced Micro Devices by 0.7% in the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares during the last quarter. Jacobsen Capital Management boosted its holdings in shares of Advanced Micro Devices by 2.1% in the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after buying an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. boosted its holdings in shares of Advanced Micro Devices by 5.3% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after buying an additional 74 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC boosted its holdings in shares of Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group dropped their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. HSBC reiterated a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Loop Capital initiated coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Finally, Mizuho decreased their price target on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $176.33.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $122.84 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $128.36 and a two-hundred day simple moving average of $144.12. The firm has a market capitalization of $199.35 billion, a P/E ratio of 110.67, a P/E/G ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the company earned $0.53 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Advanced Micro Devices 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.