AtonRa Partners Sells 464 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

AtonRa Partners trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,248 shares of the semiconductor manufacturer’s stock after selling 464 shares during the quarter. Advanced Micro Devices makes up about 1.2% of AtonRa Partners’ investment portfolio, making the stock its 19th largest holding. AtonRa Partners’ holdings in Advanced Micro Devices were worth $626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Crew Capital Management Ltd. purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $344,000. Adell Harriman & Carpenter Inc. increased its holdings in Advanced Micro Devices by 135.2% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 11,297 shares of the semiconductor manufacturer’s stock worth $1,665,000 after acquiring an additional 6,494 shares in the last quarter. Intrust Bank NA increased its holdings in Advanced Micro Devices by 7.5% in the 4th quarter. Intrust Bank NA now owns 9,082 shares of the semiconductor manufacturer’s stock worth $1,339,000 after acquiring an additional 634 shares in the last quarter. EWA LLC raised its stake in Advanced Micro Devices by 4.0% during the 4th quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock worth $269,000 after acquiring an additional 70 shares during the period. Finally, Naviter Wealth LLC lifted its holdings in Advanced Micro Devices by 14.1% during the fourth quarter. Naviter Wealth LLC now owns 8,709 shares of the semiconductor manufacturer’s stock valued at $1,284,000 after purchasing an additional 1,079 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 1.8 %

Shares of AMD stock traded up $2.80 during trading hours on Monday, reaching $160.20. 43,392,332 shares of the stock were exchanged, compared to its average volume of 72,423,914. 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, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The firm has a market capitalization of $258.91 billion, a price-to-earnings ratio of 307.04, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The company’s 50-day moving average price is $177.46 and its 200-day moving average price is $150.85.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analyst estimates of $6.13 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent analyst reports. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Wednesday, January 24th. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research report on Wednesday, January 31st. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research report on Monday, January 8th. DZ Bank reissued a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, March 7th. Finally, Barclays upped their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $184.68.

Insider Activity at Advanced Micro Devices

In other news, 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 value of $17,511,000.00. Following the transaction, the insider now directly 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 is available at the SEC website. In other news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 in the last quarter. 0.65% of the stock is owned by company insiders.

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.