Ocean Capital Management LLC Sells 187 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ocean Capital Management LLC reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,726 shares of the semiconductor manufacturer’s stock after selling 187 shares during the quarter. Ocean Capital Management LLC’s holdings in Advanced Micro Devices were worth $402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Activest Wealth Management purchased a new stake in Advanced Micro Devices in the third quarter valued at approximately $26,000. Peoples Bank KS purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $26,000. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $27,000. Castleview Partners LLC grew its position in Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in Advanced Micro Devices in the third quarter valued at $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $180.49 on Friday. The stock has a market cap of $291.70 billion, a price-to-earnings ratio of 347.10, a PEG ratio of 2.70 and a beta of 1.66. The stock’s 50 day simple moving average is $181.02 and its two-hundred day simple moving average is $140.97. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 324,943 shares of company stock valued at $59,919,994. 0.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMD shares. Morgan Stanley increased their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. DZ Bank reiterated a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Mizuho boosted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Finally, Susquehanna lifted their target price on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “positive” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $181.82.

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.