Berbice Capital Management LLC Sells 5,110 Shares of Advanced Micro Devices, Inc. $AMD

Berbice Capital Management LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 83.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 978 shares of the semiconductor manufacturer’s stock after selling 5,110 shares during the quarter. Berbice Capital Management LLC’s holdings in Advanced Micro Devices were worth $139,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Fort Sheridan Advisors LLC boosted its holdings in Advanced Micro Devices by 47.5% during the second quarter. Fort Sheridan Advisors LLC now owns 5,214 shares of the semiconductor manufacturer’s stock worth $740,000 after buying an additional 1,680 shares during the last quarter. M&T Bank Corp raised its position in shares of Advanced Micro Devices by 2.2% in the 2nd quarter. M&T Bank Corp now owns 94,044 shares of the semiconductor manufacturer’s stock valued at $13,345,000 after acquiring an additional 1,992 shares during the period. Watchtower Advisors LP bought a new position in Advanced Micro Devices during the 2nd quarter worth approximately $7,431,000. OMERS ADMINISTRATION Corp grew its holdings in Advanced Micro Devices by 0.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 66,093 shares of the semiconductor manufacturer’s stock valued at $9,379,000 after purchasing an additional 400 shares during the period. Finally, Claret Asset Management Corp increased its stake in Advanced Micro Devices by 9.9% in the second quarter. Claret Asset Management Corp now owns 3,844 shares of the semiconductor manufacturer’s stock valued at $545,000 after purchasing an additional 347 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,108 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the completion of the sale, the executive vice president owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 75,676 shares of company stock valued at $16,124,589. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $300.00 price target on shares of Advanced Micro Devices and gave the stock a “positive” rating in a research report on Monday, October 6th. UBS Group boosted their target price on Advanced Micro Devices from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Wells Fargo & Company increased their price target on Advanced Micro Devices from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. lifted their price objective on Advanced Micro Devices from $180.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Mizuho boosted their price objective on Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.54.

Advanced Micro Devices Trading Down 2.1%

Advanced Micro Devices stock opened at $215.24 on Wednesday. The company has a market cap of $350.42 billion, a price-to-earnings ratio of 106.55, a P/E/G ratio of 1.63 and a beta of 1.93. The firm has a 50-day moving average of $222.22 and a 200-day moving average of $174.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. Advanced Micro Devices’s revenue was up 35.6% on a year-over-year basis. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.