MONECO Advisors LLC Sells 226 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

MONECO Advisors LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,674 shares of the semiconductor manufacturer’s stock after selling 226 shares during the period. MONECO Advisors LLC’s holdings in Advanced Micro Devices were worth $689,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Advanced Micro Devices by 7.7% during the 4th quarter. Brighton Jones LLC now owns 24,074 shares of the semiconductor manufacturer’s stock valued at $3,549,000 after purchasing an additional 1,725 shares during the last quarter. Vanguard Capital Wealth Advisors grew its stake in Advanced Micro Devices by 4.0% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 3,219 shares of the semiconductor manufacturer’s stock worth $475,000 after acquiring an additional 125 shares in the last quarter. Mission Wealth Management LP grew its stake in Advanced Micro Devices by 65.9% in the 4th quarter. Mission Wealth Management LP now owns 18,499 shares of the semiconductor manufacturer’s stock worth $2,727,000 after acquiring an additional 7,350 shares in the last quarter. Certuity LLC grew its stake in Advanced Micro Devices by 5.8% in the 4th quarter. Certuity LLC now owns 9,813 shares of the semiconductor manufacturer’s stock worth $1,447,000 after acquiring an additional 534 shares in the last quarter. Finally, Norden Group LLC grew its stake in Advanced Micro Devices by 6.5% in the 4th quarter. Norden Group LLC now owns 4,077 shares of the semiconductor manufacturer’s stock worth $601,000 after acquiring an additional 250 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on AMD. Mizuho upped their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. TD Cowen upped their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. The Goldman Sachs Group upped their price target on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 price target on shares of Advanced Micro Devices in a research report on Monday, March 4th. Finally, Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.79.

Advanced Micro Devices Stock Down 5.1 %

NASDAQ:AMD opened at $150.25 on Wednesday. The firm has a market capitalization of $242.83 billion, a P/E ratio of 304.58, a PEG ratio of 2.44 and a beta of 1.64. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The company’s fifty day moving average price is $177.04 and its 200-day moving average price is $151.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the firm’s 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 sale, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Victor Peng sold 100,000 shares of the business’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 completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is owned by company insiders.

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.