Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Reduced by Norden Group LLC

Norden Group LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,478 shares of the semiconductor manufacturer’s stock after selling 1,341 shares during the period. Norden Group LLC’s holdings in Advanced Micro Devices were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its position in Advanced Micro Devices by 5.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 12,768 shares of the semiconductor manufacturer’s stock valued at $1,563,000 after purchasing an additional 679 shares in the last quarter. Wilmar Advisors LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $2,899,000. Heritage Wealth Management Inc. grew its position in Advanced Micro Devices by 1.5% during the fourth quarter. Heritage Wealth Management Inc. now owns 8,604 shares of the semiconductor manufacturer’s stock valued at $1,039,000 after purchasing an additional 131 shares in the last quarter. Onefund LLC grew its position in Advanced Micro Devices by 3.1% during the fourth quarter. Onefund LLC now owns 4,383 shares of the semiconductor manufacturer’s stock valued at $529,000 after purchasing an additional 133 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its stake in Advanced Micro Devices by 128.8% in the fourth quarter. Jacobi Capital Management LLC now owns 6,483 shares of the semiconductor manufacturer’s stock valued at $783,000 after acquiring an additional 3,650 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 1.6 %

Shares of Advanced Micro Devices stock opened at $98.23 on Tuesday. The firm has a market capitalization of $159.18 billion, a PE ratio of 99.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company’s fifty day moving average price is $116.41 and its two-hundred day moving average price is $136.49. Advanced Micro Devices, Inc. has a 52-week low of $97.09 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AMD. Bank of America reduced their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Susquehanna reduced their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Company 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.