Fulcrum Equity Management Sells 2,866 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)


Share on StockTwits

Fulcrum Equity Management reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,032 shares of the semiconductor manufacturer’s stock after selling 2,866 shares during the period. Fulcrum Equity Management’s holdings in Advanced Micro Devices were worth $1,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. BKD Wealth Advisors LLC boosted its stake in Advanced Micro Devices by 3.8% in the 4th quarter. BKD Wealth Advisors LLC now owns 3,028 shares of the semiconductor manufacturer’s stock worth $278,000 after purchasing an additional 110 shares during the period. SeaCrest Wealth Management LLC boosted its stake in Advanced Micro Devices by 0.4% in the 4th quarter. SeaCrest Wealth Management LLC now owns 29,862 shares of the semiconductor manufacturer’s stock worth $2,739,000 after purchasing an additional 115 shares during the period. Atlas Private Wealth Advisors boosted its stake in Advanced Micro Devices by 7.1% in the 4th quarter. Atlas Private Wealth Advisors now owns 1,810 shares of the semiconductor manufacturer’s stock worth $166,000 after purchasing an additional 120 shares during the period. Tsfg LLC boosted its stake in Advanced Micro Devices by 65.8% in the 4th quarter. Tsfg LLC now owns 315 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 125 shares during the period. Finally, Kalos Management Inc. boosted its stake in Advanced Micro Devices by 0.4% in the 4th quarter. Kalos Management Inc. now owns 30,221 shares of the semiconductor manufacturer’s stock worth $2,747,000 after purchasing an additional 130 shares during the period. Institutional investors own 67.01% of the company’s stock.

A number of analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Advanced Micro Devices from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, January 25th. Craig Hallum lifted their price target on Advanced Micro Devices from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, January 27th. The Goldman Sachs Group lifted their price target on Advanced Micro Devices from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, December 14th. Rosenblatt Securities lifted their price target on Advanced Micro Devices from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, January 27th. Finally, Cowen lifted their price target on Advanced Micro Devices from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, January 27th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $90.39.

Shares of NASDAQ AMD traded up $0.70 during mid-day trading on Thursday, hitting $82.90. 1,232,982 shares of the stock traded hands, compared to its average volume of 44,299,141. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.74 and a current ratio of 2.28. Advanced Micro Devices, Inc. has a 52 week low of $47.61 and a 52 week high of $99.23. The company has a market cap of $100.69 billion, a price-to-earnings ratio of 111.08, a PEG ratio of 1.14 and a beta of 2.29. The stock has a fifty day moving average price of $81.53 and a 200-day moving average price of $85.78.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Monday, January 25th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. Advanced Micro Devices had a return on equity of 33.04% and a net margin of 10.17%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same period in the previous year, the company posted $0.32 earnings per share. The firm’s revenue was up 52.5% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 1.01 EPS for the current fiscal year.

In other Advanced Micro Devices news, EVP Rick Bergman sold 2,000 shares of the business’s stock in a transaction on Thursday, February 4th. The stock was sold at an average price of $88.29, for a total value of $176,580.00. Following the sale, the executive vice president now directly owns 71,891 shares of the company’s stock, valued at $6,347,256.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Forrest Eugene Norrod sold 81,500 shares of the business’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $84.02, for a total value of $6,847,630.00. Following the completion of the sale, the senior vice president now directly owns 377,260 shares in the company, valued at $31,697,385.20. The disclosure for this sale can be found here. Insiders sold 165,000 shares of company stock worth $14,261,410 over the last three months. Corporate insiders own 1.20% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

Further Reading: What Are Treasury Bonds?

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD).

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.