Thompson Davis & CO. Inc. Reduces Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Thompson Davis & CO. Inc. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,475 shares of the semiconductor manufacturer’s stock after selling 3,420 shares during the quarter. Advanced Micro Devices accounts for about 0.6% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 23rd biggest position. Thompson Davis & CO. Inc.’s holdings in Advanced Micro Devices were worth $903,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Van ECK Associates Corp grew its stake in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. State Street Corp grew its stake in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock worth $3,195,000,000 after purchasing an additional 1,565,083 shares in the last quarter. Clear Street Derivatives LLC acquired a new position in Advanced Micro Devices in the third quarter worth about $110,496,000. Finally, Fisher Asset Management LLC grew its stake in Advanced Micro Devices by 2.8% in the third quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer’s stock worth $3,904,323,000 after purchasing an additional 644,039 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $110.84 on Friday. The stock’s fifty day moving average is $118.84 and its 200-day moving average is $137.94. The firm has a market capitalization of $179.61 billion, a price-to-earnings ratio of 111.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the 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. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research reports. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Friday, February 7th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Finally, Argus upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.70.

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.