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

Syon Capital LLC reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,181 shares of the semiconductor manufacturer’s stock after selling 3,556 shares during the quarter. Syon Capital LLC’s holdings in Advanced Micro Devices were worth $1,713,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $29,000. Summit Securities Group LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at about $32,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMD shares. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, April 16th. TD Cowen lowered their target price on Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Argus set a $160.00 price target on Advanced Micro Devices in a report on Thursday, February 6th. Finally, Loop Capital began coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $142.23.

Advanced Micro Devices Stock Up 0.8 %

Shares of Advanced Micro Devices stock opened at $86.26 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The business’s fifty day moving average price is $99.90 and its two-hundred day moving average price is $122.17. The company has a market capitalization of $139.42 billion, a P/E ratio of 87.13, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

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.