Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Syon Capital LLC

Syon Capital LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,181 shares of the semiconductor manufacturer’s stock after selling 3,556 shares during the quarter. Syon Capital LLC’s holdings in Advanced Micro Devices were worth $1,713,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Oxford Wealth Group LLC lifted its position in shares of Advanced Micro Devices by 93.1% during the fourth quarter. Oxford Wealth Group LLC now owns 2,381 shares of the semiconductor manufacturer’s stock worth $288,000 after purchasing an additional 1,148 shares in the last quarter. Pinebridge Investments L.P. boosted its position in Advanced Micro Devices by 25.9% in the 4th quarter. Pinebridge Investments L.P. now owns 344,776 shares of the semiconductor manufacturer’s stock valued at $41,645,000 after buying an additional 70,819 shares during the period. Crake Asset Management LLP increased its position in shares of Advanced Micro Devices by 22.4% during the fourth quarter. Crake Asset Management LLP now owns 1,652,945 shares of the semiconductor manufacturer’s stock worth $199,659,000 after acquiring an additional 302,000 shares during the period. Alta Advisers Ltd raised its stake in shares of Advanced Micro Devices by 22.5% in the fourth quarter. Alta Advisers Ltd now owns 5,392 shares of the semiconductor manufacturer’s stock valued at $651,000 after acquiring an additional 992 shares in the last quarter. Finally, FSA Wealth Management LLC grew its stake in Advanced Micro Devices by 56.7% during the 4th quarter. FSA Wealth Management LLC now owns 387 shares of the semiconductor manufacturer’s stock worth $47,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays cut their target price on shares of Advanced Micro Devices from $140.00 to $110.00 and set an “overweight” rating on the stock in a research note on Tuesday. Benchmark restated a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Evercore ISI dropped their price objective on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus cut their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $142.23.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Up 0.8 %

Shares of AMD stock opened at $86.26 on Wednesday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business’s fifty day moving average price is $99.90 and its 200 day moving average price is $122.17. The firm has a market capitalization of $139.42 billion, a PE ratio of 87.13, a P/E/G ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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%. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

About Advanced Micro Devices

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.