SFE Investment Counsel Decreases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SFE Investment Counsel lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.8% during the 4th quarter, Holdings Channel reports. The firm owned 16,922 shares of the semiconductor manufacturer’s stock after selling 2,045 shares during the quarter. SFE Investment Counsel’s holdings in Advanced Micro Devices were worth $2,494,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth about $27,000. Castleview Partners LLC increased its holdings in shares of Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 90 shares during the last quarter. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Advanced Micro Devices by 54.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 109 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

AMD stock traded up $0.56 during midday trading on Thursday, hitting $154.58. 44,544,971 shares of the stock traded hands, compared to its average volume of 74,548,547. The firm has a market cap of $249.82 billion, a P/E ratio of 299.77, a PEG ratio of 2.49 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The stock’s fifty day simple moving average is $180.44 and its 200-day simple moving average is $148.23. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMD. The Goldman Sachs Group boosted their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Bank of America upped their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Truist Financial boosted their price objective on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Finally, Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $185.59.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were 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 owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.73% of the company’s stock.

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.