Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,997,270 shares of the semiconductor manufacturer’s stock after selling 16,767 shares during the period. Rhumbline Advisers owned approximately 0.18% of Advanced Micro Devices worth $362,040,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMD. Creative Capital Management Investments LLC boosted its holdings in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 86 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $32,000. Compass Financial Services Inc acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $39,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.2 %

AMD stock opened at $113.10 on Friday. The company has a 50 day moving average price of $120.94 and a two-hundred day moving average price of $138.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62. The stock has a market capitalization of $183.28 billion, a P/E ratio of 114.24, a PEG ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction 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 owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMD shares. Barclays dropped their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Argus raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Thursday, February 6th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Loop Capital assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

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.