Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Edge Capital Group LLC

Edge Capital Group LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,679 shares of the semiconductor manufacturer’s stock after selling 1,245 shares during the period. Edge Capital Group LLC’s holdings in Advanced Micro Devices were worth $565,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Swedbank AB raised its position in shares of Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after buying an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC raised its holdings in Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares during the last quarter. Modera Wealth Management LLC lifted its stake in Advanced Micro Devices by 12.4% in the 3rd quarter. Modera Wealth Management LLC now owns 3,758 shares of the semiconductor manufacturer’s stock worth $617,000 after purchasing an additional 415 shares in the last quarter. Bristlecone Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 41.3% during the 3rd quarter. Bristlecone Advisors LLC now owns 5,128 shares of the semiconductor manufacturer’s stock worth $841,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Clear Harbor Asset Management LLC grew its position in shares of Advanced Micro Devices by 9.5% in the third quarter. Clear Harbor Asset Management LLC now owns 3,318 shares of the semiconductor manufacturer’s stock valued at $544,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMD shares. Loop Capital began coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price target for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Evercore ISI upped their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus decreased their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $108.11 on Tuesday. The firm has a 50 day moving average of $118.47 and a two-hundred day moving average of $137.86. The stock has a market capitalization of $175.19 billion, a PE ratio of 109.20, a P/E/G ratio of 1.11 and a beta of 1.66. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30.

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, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Company 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.