Blodgett Wealth Advisors LLC Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Blodgett Wealth Advisors LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,400 shares of the semiconductor manufacturer’s stock after selling 300 shares during the period. Advanced Micro Devices comprises about 0.8% of Blodgett Wealth Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Blodgett Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 0.8% during the third quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock valued at $14,400,437,000 after purchasing an additional 1,153,611 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after purchasing an additional 1,490,997 shares during the last quarter. Northern Trust Corp boosted its position in Advanced Micro Devices by 2.5% during the 3rd quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock valued at $1,631,021,000 after purchasing an additional 385,636 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Advanced Micro Devices by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock worth $893,890,000 after buying an additional 79,817 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Advanced Micro Devices by 17.6% in the third quarter. Van ECK Associates Corp now owns 5,886,220 shares of the semiconductor manufacturer’s stock worth $605,221,000 after buying an additional 881,140 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on AMD. The Goldman Sachs Group increased their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley increased their target price on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Evercore ISI assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price target on the stock. Bank of America increased their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Mizuho increased their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $3.64 during trading hours on Friday, reaching $157.40. 42,425,480 shares of the company were exchanged, compared to its average volume of 54,821,344. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average of $177.46 and a 200 day moving average of $150.27. The firm has a market cap of $254.38 billion, a price-to-earnings ratio of 302.70, a PEG ratio of 2.34 and a beta of 1.64. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.73% of the stock is owned by company insiders.

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.