Eagle Global Advisors LLC Decreases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Eagle Global Advisors LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,306 shares of the semiconductor manufacturer’s stock after selling 1,140 shares during the quarter. Eagle Global Advisors LLC’s holdings in Advanced Micro Devices were worth $9,332,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the 3rd quarter worth about $27,000. Bare Financial Services Inc bought a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. MeadowBrook Investment Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth about $30,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMD shares. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Evercore ISI dropped their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Piper Sandler reissued an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, Cantor Fitzgerald decreased their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.26.

Get Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Stock Performance

AMD stock traded up $5.93 during trading on Friday, reaching $166.36. The stock had a trading volume of 54,796,757 shares, compared to its average volume of 68,169,891. The stock’s 50 day moving average is $164.75 and its two-hundred day moving average is $157.32. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The firm has a market cap of $268.89 billion, a PE ratio of 243.00, a PEG ratio of 1.90 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,650 shares of company stock valued at $31,761,199. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Profile

(Free Report)

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.

See Also

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

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