Financial Advocates Investment Management Cuts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Financial Advocates Investment Management cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,686 shares of the semiconductor manufacturer’s stock after selling 472 shares during the quarter. Financial Advocates Investment Management’s holdings in Advanced Micro Devices were worth $2,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMD. Creative Capital Management Investments LLC grew its holdings in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares during the period. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the fourth quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $32,000. FSA Wealth Management LLC purchased a new position in shares of Advanced Micro Devices in the third quarter valued at $41,000. Finally, Coston McIsaac & Partners raised its stake in shares of Advanced Micro Devices by 319.4% during the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after buying an additional 198 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 1.7 %

AMD opened at $110.16 on Friday. The company has a market cap of $178.77 billion, a PE ratio of 99.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. 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, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The firm has a 50 day moving average price of $124.53 and a 200 day moving average price of $140.39.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMD. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Bank of America lowered their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday. Benchmark cut their price objective on Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Finally, Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $161.30.

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.