Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Trimmed by Burr Financial Services LLC

Burr Financial Services LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 71.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,723 shares of the semiconductor manufacturer’s stock after selling 18,879 shares during the period. Advanced Micro Devices makes up about 0.6% of Burr Financial Services LLC’s investment portfolio, making the stock its 17th largest holding. Burr Financial Services LLC’s holdings in Advanced Micro Devices were worth $933,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AMD. Teamwork Financial Advisors LLC lifted its stake in Advanced Micro Devices by 11.0% during the fourth quarter. Teamwork Financial Advisors LLC now owns 41,691 shares of the semiconductor manufacturer’s stock valued at $5,036,000 after buying an additional 4,138 shares in the last quarter. MinichMacGregor Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 31.1% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 3,646 shares of the semiconductor manufacturer’s stock valued at $440,000 after acquiring an additional 865 shares during the period. Mutual Advisors LLC lifted its position in shares of Advanced Micro Devices by 13.8% in the 4th quarter. Mutual Advisors LLC now owns 50,563 shares of the semiconductor manufacturer’s stock valued at $5,989,000 after acquiring an additional 6,124 shares in the last quarter. True North Advisors LLC boosted its stake in Advanced Micro Devices by 46.0% in the 4th quarter. True North Advisors LLC now owns 7,863 shares of the semiconductor manufacturer’s stock worth $950,000 after purchasing an additional 2,476 shares during the period. Finally, Traynor Capital Management Inc. grew its position in Advanced Micro Devices by 15.8% during the 4th quarter. Traynor Capital Management Inc. now owns 65,132 shares of the semiconductor manufacturer’s stock worth $7,867,000 after purchasing an additional 8,894 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.2 %

AMD stock opened at $123.75 on Thursday. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company has a market cap of $200.82 billion, a PE ratio of 111.49, a price-to-earnings-growth ratio of 1.08 and a beta of 1.66. The business’s 50-day simple moving average is $128.68 and its 200 day simple moving average is $144.27.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last 90 days. 0.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMD. HSBC reaffirmed a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $177.71.

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.