Stratos Investment Management LLC Sells 1,722 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stratos Investment Management LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,480 shares of the semiconductor manufacturer’s stock after selling 1,722 shares during the quarter. Stratos Investment Management LLC’s holdings in Advanced Micro Devices were worth $4,044,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Czech National Bank grew its stake in shares of Advanced Micro Devices by 7.0% during the third quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock valued at $54,099,000 after buying an additional 21,708 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in Advanced Micro Devices by 4.5% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 10,681 shares of the semiconductor manufacturer’s stock worth $1,753,000 after acquiring an additional 456 shares during the last quarter. Greenfield Savings Bank increased its stake in Advanced Micro Devices by 18.0% in the 3rd quarter. Greenfield Savings Bank now owns 4,753 shares of the semiconductor manufacturer’s stock worth $780,000 after purchasing an additional 725 shares during the period. Stonebridge Capital Management Inc. lifted its position in Advanced Micro Devices by 6.3% in the third quarter. Stonebridge Capital Management Inc. now owns 8,429 shares of the semiconductor manufacturer’s stock valued at $1,383,000 after purchasing an additional 500 shares during the last quarter. Finally, Pacifica Partners Inc. boosted its stake in shares of Advanced Micro Devices by 0.6% during the third quarter. Pacifica Partners Inc. now owns 25,040 shares of the semiconductor manufacturer’s stock valued at $4,109,000 after purchasing an additional 140 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMD has been the topic of several analyst reports. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Roth Mkm reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday. HSBC reiterated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, Citigroup reduced their target price on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $169.35.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $119.50 on Wednesday. The company has a market capitalization of $193.93 billion, a price-to-earnings ratio of 107.66, a PEG ratio of 1.03 and a beta of 1.66. 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 stock’s 50-day simple moving average is $125.38 and its 200-day simple moving average is $140.81. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were 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 directly owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.65% of the company’s stock.

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.