Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Lessened by Stonebridge Financial Planning Group LLC

Stonebridge Financial Planning Group LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,535 shares of the semiconductor manufacturer’s stock after selling 1,911 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in Advanced Micro Devices were worth $374,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Chase Investment Counsel Corp increased its stake in Advanced Micro Devices by 0.7% during the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after buying an additional 87 shares during the period. Washburn Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth $231,000. Pathway Financial Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $229,000. Independence Bank of Kentucky lifted its position in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth $1,759,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available through the SEC website. In related news, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $158.38 on Wednesday. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a market cap of $255.96 billion, a P/E ratio of 304.58, a P/E/G ratio of 2.44 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock’s 50-day simple moving average is $177.04 and its 200 day simple moving average is $151.59.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI started coverage on Advanced Micro Devices in a report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price objective for the company. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Citigroup increased their target price on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, Bank of America boosted their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $185.79.

Advanced Micro Devices 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.