PDS Planning Inc Sells 167 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

PDS Planning Inc cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 6,809 shares of the semiconductor manufacturer’s stock after selling 167 shares during the period. PDS Planning Inc’s holdings in Advanced Micro Devices were worth $822,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMD. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth $32,000. Finally, IAG Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 74.7% in the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 118 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents 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 this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $104.59 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $169.49 billion, a price-to-earnings ratio of 105.65, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $193.50. The firm’s 50-day moving average price is $111.55 and its two-hundred day moving average price is $132.85.

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, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMD. Loop Capital began coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price for the company. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. Argus set a $160.00 target price on shares of Advanced Micro Devices in a research report on Thursday, February 6th. HSBC reissued a “reduce” rating and set a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Barclays cut their target price on shares of 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

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.