Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lowered by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 43,413 shares of the semiconductor manufacturer’s stock after selling 8,127 shares during the period. Park Avenue Securities LLC’s holdings in Advanced Micro Devices were worth $5,244,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. WealthPLAN Partners LLC lifted its holdings in shares of Advanced Micro Devices by 142.1% during the second quarter. WealthPLAN Partners LLC now owns 4,832 shares of the semiconductor manufacturer’s stock valued at $784,000 after purchasing an additional 2,836 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Advanced Micro Devices by 3.7% during the 2nd quarter. Moors & Cabot Inc. now owns 18,956 shares of the semiconductor manufacturer’s stock worth $3,075,000 after buying an additional 679 shares during the period. Pekin Hardy Strauss Inc. lifted its stake in Advanced Micro Devices by 16.4% during the second quarter. Pekin Hardy Strauss Inc. now owns 2,560 shares of the semiconductor manufacturer’s stock valued at $415,000 after buying an additional 360 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 28.1% in the second quarter. Axxcess Wealth Management LLC now owns 31,779 shares of the semiconductor manufacturer’s stock worth $5,155,000 after buying an additional 6,971 shares during the period. Finally, Financial & Tax Architects LLC purchased a new position in shares of Advanced Micro Devices in the second quarter worth approximately $1,138,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $119.96 on Thursday. The stock has a 50-day simple moving average of $131.60 and a 200 day simple moving average of $145.95. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30. The stock has a market capitalization of $194.67 billion, a PE ratio of 108.07, a P/E/G ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last ninety days. Company insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMD. UBS Group reduced their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 28th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.68.

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.