Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,405 shares of the semiconductor manufacturer’s stock after selling 522 shares during the quarter. Cozad Asset Management Inc.’s holdings in Advanced Micro Devices were worth $944,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Chase Investment Counsel Corp boosted its position in Advanced Micro Devices by 0.7% during the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after purchasing an additional 87 shares during the period. Washburn Capital Management Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $231,000. Pathway Financial Advisors LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $229,000. Independence Bank of Kentucky increased its holdings in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $1,759,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler restated an “overweight” rating and issued a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Roth Mkm decreased their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Finally, TD Cowen upped their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.62.

Advanced Micro Devices Trading Down 8.9 %

Advanced Micro Devices stock opened at $144.27 on Thursday. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm has a market capitalization of $233.16 billion, a price-to-earnings ratio of 277.45, a P/E/G ratio of 2.44 and a beta of 1.64. The company has a 50 day moving average price of $176.64 and a 200 day moving average price of $151.54.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 in the last three months. Corporate insiders own 0.65% of the company’s stock.

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.