Mitchell Mcleod Pugh & Williams Inc. Lowers Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mitchell Mcleod Pugh & Williams Inc. decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,490 shares of the semiconductor manufacturer’s stock after selling 200 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Advanced Micro Devices were worth $809,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Peoples Bank KS purchased a new position in shares of Advanced Micro Devices in the third quarter worth approximately $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices during the 3rd quarter valued at approximately $27,000. Gables Capital Management Inc. bought a new position in Advanced Micro Devices during the fourth quarter valued at $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $30,000. Finally, Addison Advisors LLC lifted its stake in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Up 1.4 %

AMD traded up $2.26 on Monday, reaching $159.66. The company’s stock had a trading volume of 18,880,811 shares, compared to its average volume of 72,090,000. The company has a market capitalization of $258.03 billion, a price-to-earnings ratio of 307.04, a P/E/G ratio of 2.39 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The stock has a 50 day moving average of $177.46 and a two-hundred day moving average of $150.85.

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

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. UBS Group boosted their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Mizuho boosted their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. TD Cowen boosted their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, The Goldman Sachs Group increased their price objective on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $184.68.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. In the last three months, insiders sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.65% of the company’s stock.

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.