Hantz Financial Services Inc. Trims Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hantz Financial Services Inc. lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,798 shares of the semiconductor manufacturer’s stock after selling 200 shares during the period. Hantz Financial Services Inc.’s holdings in Advanced Micro Devices were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC increased its holdings in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the period. ZRC Wealth Management LLC increased its stake in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares during the period. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the 4th quarter worth $26,000. FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $41,000. Finally, Coston McIsaac & Partners boosted its holdings in shares of Advanced Micro Devices by 319.4% in the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 198 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 2.4 %

NASDAQ AMD opened at $115.95 on Friday. The company has a 50-day moving average of $126.37 and a 200-day moving average of $141.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 12 month low of $112.80 and a 12 month high of $227.30. The company has a market cap of $188.16 billion, a P/E ratio of 104.46, a P/E/G ratio of 1.04 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm posted $0.53 earnings per share. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Bank of America lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $180.00 to $155.00 in a report on Monday, December 9th. Barclays reduced their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, HSBC reiterated a “reduce” rating and issued a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.77.

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.