Gilman Hill Asset Management LLC Sells 350 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Gilman Hill Asset Management LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,775 shares of the semiconductor manufacturer’s stock after selling 350 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Advanced Micro Devices were worth $214,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Advanced Micro Devices by 89.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock valued at $336,000 after acquiring an additional 974 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Advanced Micro Devices by 21.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 166,063 shares of the semiconductor manufacturer’s stock valued at $26,937,000 after purchasing an additional 28,961 shares in the last quarter. Fairscale Capital LLC acquired a new position in Advanced Micro Devices during the second quarter worth $111,000. EverSource Wealth Advisors LLC lifted its stake in shares of Advanced Micro Devices by 7.7% in the second quarter. EverSource Wealth Advisors LLC now owns 9,332 shares of the semiconductor manufacturer’s stock valued at $1,514,000 after buying an additional 666 shares in the last quarter. Finally, Edge Capital Group LLC increased its position in shares of Advanced Micro Devices by 5.3% during the second quarter. Edge Capital Group LLC now owns 6,159 shares of the semiconductor manufacturer’s stock worth $999,000 after acquiring an additional 309 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 2.5 %

NASDAQ:AMD opened at $121.46 on Tuesday. Advanced Micro Devices, Inc. has a one year low of $114.41 and a one year high of $227.30. The company’s 50-day simple moving average is $129.94 and its 200 day simple moving average is $145.06. The firm has a market capitalization of $197.11 billion, a P/E ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMD. Mizuho cut their price target on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. KeyCorp dropped their price objective on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.61.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last quarter. 0.73% of the stock is owned by insiders.

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.