Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Gradient Investments LLC

Gradient Investments LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,483 shares of the semiconductor manufacturer’s stock after selling 700 shares during the period. Gradient Investments LLC’s holdings in Advanced Micro Devices were worth $15,640,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Curated Wealth Partners LLC raised its position in Advanced Micro Devices by 19.1% during the fourth quarter. Curated Wealth Partners LLC now owns 3,935 shares of the semiconductor manufacturer’s stock worth $475,000 after acquiring an additional 630 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Advanced Micro Devices by 5.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,493 shares of the semiconductor manufacturer’s stock worth $2,475,000 after purchasing an additional 1,067 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Advanced Micro Devices by 28.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 83,453 shares of the semiconductor manufacturer’s stock valued at $10,080,000 after buying an additional 18,476 shares in the last quarter. CX Institutional boosted its holdings in Advanced Micro Devices by 53.1% in the 4th quarter. CX Institutional now owns 14,685 shares of the semiconductor manufacturer’s stock worth $1,774,000 after buying an additional 5,096 shares during the last quarter. Finally, Zweig DiMenna Associates LLC increased its stake in Advanced Micro Devices by 1.7% during the 4th quarter. Zweig DiMenna Associates LLC now owns 120,846 shares of the semiconductor manufacturer’s stock worth $14,597,000 after buying an additional 2,047 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent research reports. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Barclays dropped their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $176.33.

Advanced Micro Devices Trading Down 0.2 %

AMD opened at $122.84 on Friday. The business has a fifty day moving average price of $128.36 and a 200 day moving average price of $144.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The stock has a market capitalization of $199.35 billion, a price-to-earnings ratio of 110.67, a PEG ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Sell-side analysts expect 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.