Advisory Services Network LLC Sells 3,812 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advisory Services Network LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% in the fourth quarter, HoldingsChannel reports. The firm owned 77,841 shares of the semiconductor manufacturer’s stock after selling 3,812 shares during the period. Advisory Services Network LLC’s holdings in Advanced Micro Devices were worth $11,474,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bare Financial Services Inc acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $29,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $29,000. Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $30,000. Finally, Addison Advisors LLC grew its stake in Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the period. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. Susquehanna reduced their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a research report on Monday, April 29th. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. UBS Group reduced their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, Citigroup reduced their price objective on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 165,650 shares of company stock worth $31,761,199. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $5.93 during trading hours on Friday, reaching $166.36. 54,796,757 shares of the stock were exchanged, compared to its average volume of 68,169,891. The firm has a market capitalization of $268.89 billion, a price-to-earnings ratio of 243.00, a P/E/G ratio of 1.90 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The stock’s fifty day simple moving average is $164.75 and its 200 day simple moving average is $157.32.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

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.