Hartford Investment Management Co. Has $12.12 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hartford Investment Management Co. trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,298 shares of the semiconductor manufacturer’s stock after selling 1,567 shares during the period. Hartford Investment Management Co.’s holdings in Advanced Micro Devices were worth $12,115,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMD. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $359,000. Fiduciary Alliance LLC raised its stake in shares of Advanced Micro Devices by 31.8% in the 3rd quarter. Fiduciary Alliance LLC now owns 2,071 shares of the semiconductor manufacturer’s stock valued at $340,000 after acquiring an additional 500 shares in the last quarter. Harrington Investments INC acquired a new position in Advanced Micro Devices during the third quarter valued at approximately $517,000. Wesbanco Bank Inc. raised its position in shares of Advanced Micro Devices by 15.7% in the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock valued at $25,524,000 after purchasing an additional 21,132 shares during the period. Finally, Creative Planning lifted its stake in shares of Advanced Micro Devices by 18.4% in the third quarter. Creative Planning now owns 436,660 shares of the semiconductor manufacturer’s stock worth $66,674,000 after buying an additional 67,973 shares during 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, 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 transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $111.10 on Wednesday. The firm’s 50 day moving average is $122.79 and its 200-day moving average is $139.51. The firm has a market capitalization of $180.04 billion, a price-to-earnings ratio of 112.22, a PEG ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of several recent analyst reports. Benchmark dropped their target price on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company decreased their target price on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Argus raised Advanced Micro Devices to a “strong-buy” rating in a research report on Thursday, February 6th. Evercore ISI upped their target price 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. Finally, Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.70.

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.