Merit Financial Group LLC Sells 6,853 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Merit Financial Group LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,273 shares of the semiconductor manufacturer’s stock after selling 6,853 shares during the period. Merit Financial Group LLC’s holdings in Advanced Micro Devices were worth $1,662,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Advanced Micro Devices by 15,896.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after purchasing an additional 3,714,069 shares during the period. Sylebra Capital LLC acquired a new position in Advanced Micro Devices in the third quarter valued at $227,566,000. Atreides Management LP boosted its position in Advanced Micro Devices by 114.3% during the third quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock valued at $351,925,000 after acquiring an additional 1,825,557 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Advanced Micro Devices during the third quarter valued at $169,199,000. Finally, Jennison Associates LLC grew its holdings in Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after acquiring an additional 1,490,997 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMD shares. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday. Evercore ISI reduced their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday. Wells Fargo & Company boosted their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, Benchmark dropped their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $184.24.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $150.60 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $81.11 and a 52 week high of $227.30. The company’s 50 day moving average price is $175.41 and its two-hundred day moving average price is $151.81. The stock has a market cap of $243.42 billion, a P/E ratio of 221.47, a P/E/G ratio of 2.36 and a beta of 1.66. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $276,050,677.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,850 shares of company stock valued at $34,637,833. 0.73% of the stock is owned by 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.