Blodgett Wealth Advisors LLC Has $796,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Blodgett Wealth Advisors LLC cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,400 shares of the semiconductor manufacturer’s stock after selling 300 shares during the quarter. Advanced Micro Devices accounts for about 0.8% of Blodgett Wealth Advisors LLC’s portfolio, making the stock its 22nd largest holding. Blodgett Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Washburn Capital Management Inc. acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $231,000. Pathway Financial Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $229,000. Independence Bank of Kentucky lifted its stake in Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the last quarter. Gendell Jeffrey L bought a new stake in shares of Advanced Micro Devices during the third quarter worth $3,085,000. Finally, Sara Bay Financial bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at $315,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 2.4 %

AMD traded up $3.64 during midday trading on Friday, reaching $157.40. 42,425,480 shares of the company were exchanged, compared to its average volume of 54,821,344. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year 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. The company’s fifty day moving average price is $177.46 and its 200 day moving average price is $150.27. The company has a market cap of $254.38 billion, a price-to-earnings ratio of 302.70, a price-to-earnings-growth ratio of 2.34 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the sale, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 in the last 90 days. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday. UBS Group boosted their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Evercore ISI initiated coverage on Advanced Micro Devices in a report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 target price on the stock. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Finally, Bank of America upped their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

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.