Bailard Inc. Lowers Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bailard Inc. cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,772 shares of the semiconductor manufacturer’s stock after selling 9,327 shares during the quarter. Bailard Inc.’s holdings in Advanced Micro Devices were worth $17,213,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Capital Investment Advisors LLC lifted its position in shares of Advanced Micro Devices by 9.9% during the third quarter. Capital Investment Advisors LLC now owns 8,265 shares of the semiconductor manufacturer’s stock valued at $850,000 after buying an additional 747 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 4.6% during the third quarter. Avior Wealth Management LLC now owns 7,856 shares of the semiconductor manufacturer’s stock valued at $808,000 after buying an additional 344 shares during the last quarter. Purus Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 3.7% during the third quarter. Purus Wealth Management LLC now owns 21,851 shares of the semiconductor manufacturer’s stock valued at $2,247,000 after buying an additional 770 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Advanced Micro Devices by 86.4% during the third quarter. Exchange Traded Concepts LLC now owns 167,310 shares of the semiconductor manufacturer’s stock valued at $17,203,000 after buying an additional 77,553 shares during the last quarter. Finally, Washington Trust Advisors Inc. lifted its position in shares of Advanced Micro Devices by 262.9% during the third quarter. Washington Trust Advisors Inc. now owns 1,847 shares of the semiconductor manufacturer’s stock valued at $190,000 after buying an additional 1,338 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD stock traded down $0.53 during midday trading on Wednesday, reaching $151.74. The stock had a trading volume of 43,358,590 shares, compared to its average volume of 73,559,477. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a market cap of $245.23 billion, a price-to-earnings ratio of 291.81, a price-to-earnings-growth ratio of 2.26 and a beta of 1.64. The company’s fifty day simple moving average is $178.25 and its 200 day simple moving average is $149.89. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the company earned $0.54 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of several recent analyst reports. TD Cowen upped their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, April 17th. The Goldman Sachs Group upped their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $185.59.

Insider Buying and Selling

In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was 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 of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is currently owned by insiders.

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.