Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.7% during the 4th quarter, Holdings Channel reports. The firm owned 43,604 shares of the semiconductor manufacturer’s stock after selling 4,660 shares during the period. RNC Capital Management LLC’s holdings in Advanced Micro Devices were worth $5,267,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMD. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Advanced Micro Devices by 102.6% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,468 shares of the semiconductor manufacturer’s stock valued at $733,000 after buying an additional 2,263 shares during the period. CWM LLC lifted its stake in shares of Advanced Micro Devices by 2.5% during the third quarter. CWM LLC now owns 211,970 shares of the semiconductor manufacturer’s stock valued at $34,780,000 after buying an additional 5,256 shares during the period. Marcum Wealth LLC lifted its stake in shares of Advanced Micro Devices by 9.8% during the third quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock valued at $565,000 after buying an additional 307 shares during the period. Wedmont Private Capital lifted its stake in shares of Advanced Micro Devices by 2.6% during the third quarter. Wedmont Private Capital now owns 20,044 shares of the semiconductor manufacturer’s stock valued at $3,427,000 after buying an additional 510 shares during the period. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in shares of Advanced Micro Devices by 2.6% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 141,810 shares of the semiconductor manufacturer’s stock valued at $23,268,000 after buying an additional 3,651 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the topic of several recent analyst reports. Evercore ISI upped their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Barclays cut their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Morgan Stanley cut their price target on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $161.30.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $110.16 on Friday. The stock has a market capitalization of $178.77 billion, a P/E ratio of 99.24, a P/E/G ratio of 1.03 and a beta of 1.65. 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 twelve month low of $106.50 and a twelve month high of $227.30. The company has a 50 day moving average of $124.53 and a 200-day moving average of $140.39.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

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.