Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,678 shares of the semiconductor manufacturer’s stock after selling 562 shares during the quarter. NewEdge Wealth LLC’s holdings in Advanced Micro Devices were worth $542,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $1,252,070,000. Moneta Group Investment Advisors LLC raised its stake in Advanced Micro Devices by 105,415.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after acquiring an additional 8,518,629 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Advanced Micro Devices in the first quarter valued at $777,111,000. Northern Trust Corp boosted its stake in Advanced Micro Devices by 35.5% in the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after acquiring an additional 4,475,368 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Advanced Micro Devices by 15,896.5% during the fourth 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 last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction 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 in the company, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a document filed with the SEC, 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 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 in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders sold 324,943 shares of company stock worth $59,919,994 in the last ninety days. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Up 2.0 %

Shares of AMD stock opened at $163.46 on Wednesday. The stock has a market cap of $264.17 billion, a P/E ratio of 314.35, a P/E/G ratio of 2.49 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The business has a fifty day simple moving average of $180.78 and a 200-day simple moving average of $148.19.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their target price for the company from $180.00 to $225.00 in a research report on Tuesday. Mizuho lifted their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, January 30th. UBS Group lifted their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Susquehanna reiterated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.15.

About Advanced Micro Devices

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.