Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Herald Investment Management Ltd

Herald Investment Management Ltd trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,220 shares of the semiconductor manufacturer’s stock after selling 4,130 shares during the period. Herald Investment Management Ltd’s holdings in Advanced Micro Devices were worth $4,617,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $29,000. Summit Securities Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $32,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $87.50 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a 50 day moving average price of $101.40 and a 200 day moving average price of $124.05. The stock has a market capitalization of $141.42 billion, a P/E ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on AMD. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Stifel Nicolaus lowered their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Finally, Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.90.

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.