Synergy Asset Management LLC Sells 67,152 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Synergy Asset Management LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 73.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,700 shares of the semiconductor manufacturer’s stock after selling 67,152 shares during the period. Synergy Asset Management LLC’s holdings in Advanced Micro Devices were worth $3,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Retirement Planning Group LLC grew its stake in Advanced Micro Devices by 2.2% during the 4th quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock worth $542,000 after buying an additional 79 shares during the last quarter. Financial Management Professionals Inc. grew its stake in Advanced Micro Devices by 5.2% during the 4th quarter. Financial Management Professionals Inc. now owns 1,629 shares of the semiconductor manufacturer’s stock worth $240,000 after buying an additional 81 shares during the last quarter. Prentice Wealth Management LLC grew its stake in Advanced Micro Devices by 2.2% during the 4th quarter. Prentice Wealth Management LLC now owns 3,876 shares of the semiconductor manufacturer’s stock worth $571,000 after buying an additional 83 shares during the last quarter. Kure Advisory LLC grew its stake in Advanced Micro Devices by 4.2% during the 4th quarter. Kure Advisory LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $324,000 after buying an additional 89 shares during the last quarter. Finally, Left Brain Wealth Management LLC grew its stake in Advanced Micro Devices by 1.2% during the 3rd quarter. Left Brain Wealth Management LLC now owns 7,501 shares of the semiconductor manufacturer’s stock valued at $771,000 after purchasing an additional 90 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $180.49 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The stock’s 50 day moving average is $181.50 and its two-hundred day moving average is $141.76. The firm has a market capitalization of $291.70 billion, a PE ratio of 347.10, a P/E/G ratio of 2.70 and a beta of 1.66. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current year.

Analyst Ratings Changes

AMD has been the topic of several research analyst reports. KeyCorp boosted their price target on Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Bank of America upped their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $190.00 target price on shares of Advanced Micro Devices in a research note on Monday, March 4th. Finally, DZ Bank restated a “hold” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Four analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.82.

View Our Latest Stock Report on Advanced Micro Devices

Insider Transactions at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the business’s 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 is available through this hyperlink. In related news, EVP Forrest Eugene Norrod sold 59,293 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the completion of the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock valued at $59,919,994 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

About Advanced Micro Devices

(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.

Further Reading

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

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