D L Carlson Investment Group Inc. Sells 16,031 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

D L Carlson Investment Group Inc. trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 59.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,114 shares of the semiconductor manufacturer’s stock after selling 16,031 shares during the period. D L Carlson Investment Group Inc.’s holdings in Advanced Micro Devices were worth $1,342,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in Advanced Micro Devices during the 4th quarter worth about $2,867,193,000. Van ECK Associates Corp increased its position in shares of 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 valued at $1,432,538,000 after acquiring an additional 2,238,866 shares during the last quarter. State Street Corp raised its holdings in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares in the last quarter. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $165,952,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research analyst reports. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $103.22 on Monday. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.28. The stock has a fifty day simple moving average of $109.39 and a two-hundred day simple moving average of $130.68. The firm has a market cap of $167.27 billion, a price-to-earnings ratio of 104.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. 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 (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by company insiders.

About Advanced Micro Devices

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.