Somerville Kurt F Sells 3,651 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Somerville Kurt F trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,647 shares of the semiconductor manufacturer’s stock after selling 3,651 shares during the period. Advanced Micro Devices accounts for 2.8% of Somerville Kurt F’s portfolio, making the stock its 16th largest holding. Somerville Kurt F’s holdings in Advanced Micro Devices were worth $16,506,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Broderick Brian C grew its holdings in Advanced Micro Devices by 2.9% during the 4th quarter. Broderick Brian C now owns 113,376 shares of the semiconductor manufacturer’s stock valued at $13,695,000 after buying an additional 3,149 shares in the last quarter. Prudential PLC grew its stake in Advanced Micro Devices by 3.2% during the fourth quarter. Prudential PLC now owns 215,311 shares of the semiconductor manufacturer’s stock valued at $26,007,000 after acquiring an additional 6,740 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in Advanced Micro Devices by 50.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 31,485 shares of the semiconductor manufacturer’s stock worth $3,803,000 after purchasing an additional 10,542 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 4.4% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 7,344 shares of the semiconductor manufacturer’s stock valued at $887,000 after purchasing an additional 311 shares during the last quarter. Finally, Uniting Wealth Partners LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $230,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMD. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Loop Capital started coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices Price Performance

AMD opened at $93.80 on Friday. The firm has a market capitalization of $151.61 billion, a PE ratio of 94.75, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. The business’s 50-day moving average is $107.62 and its two-hundred day moving average is $129.56. Advanced Micro Devices, Inc. has a 1 year low of $90.54 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

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

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

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.