Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,402 shares of the semiconductor manufacturer’s stock after selling 632 shares during the quarter. Financial Counselors Inc.’s holdings in Advanced Micro Devices were worth $894,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth $32,000. Finally, IAG Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMD shares. TD Cowen decreased their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wedbush reissued an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Friday, February 7th. Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $120.00 in a research report on Thursday. Finally, Loop Capital assumed coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Trading Down 3.2 %

NASDAQ AMD opened at $106.65 on Friday. The stock has a market cap of $172.82 billion, a P/E ratio of 107.73, a PEG ratio of 1.11 and a beta of 1.74. The company’s fifty day simple moving average is $109.75 and its 200-day simple moving average is $131.14. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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.