Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by CV Advisors LLC

CV Advisors LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,602 shares of the semiconductor manufacturer’s stock after selling 994 shares during the quarter. Advanced Micro Devices accounts for approximately 0.5% of CV Advisors LLC’s holdings, making the stock its 16th largest holding. CV Advisors LLC’s holdings in Advanced Micro Devices were worth $1,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMD. Swedbank AB increased its position in shares of Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after purchasing an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC lifted its stake in shares of Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares during the last quarter. United Bank acquired a new position in Advanced Micro Devices during the 3rd quarter worth about $516,000. Finally, GSA Capital Partners LLP acquired a new position in Advanced Micro Devices during the 3rd quarter worth about $870,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 2.9 %

Shares of AMD stock opened at $100.97 on Friday. 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 firm’s 50-day moving average is $112.05 and its 200-day moving average is $133.23. The stock has a market cap of $163.62 billion, a price-to-earnings ratio of 101.99, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $193.50.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMD shares. TD Cowen cut their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Friday, February 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Finally, Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.14.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.73% of the stock is 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.