Lincoln Capital Corp Sells 306 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lincoln Capital Corp lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,455 shares of the semiconductor manufacturer’s stock after selling 306 shares during the period. Lincoln Capital Corp’s holdings in Advanced Micro Devices were worth $1,021,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC raised its holdings in Advanced Micro Devices by 101.8% in the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 111 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 5.7% in the 2nd quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer’s stock worth $47,782,000 after purchasing an additional 15,975 shares in the last quarter. APG Asset Management US Inc. lifted its holdings in shares of Advanced Micro Devices by 15.0% during the second quarter. APG Asset Management US Inc. now owns 661,237 shares of the semiconductor manufacturer’s stock valued at $104,270,000 after purchasing an additional 86,293 shares in the last quarter. APG Asset Management N.V. increased its holdings in Advanced Micro Devices by 1.9% in the 2nd quarter. APG Asset Management N.V. now owns 1,261,068 shares of the semiconductor manufacturer’s stock worth $190,863,000 after buying an additional 23,968 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Advanced Micro Devices by 10.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,495,184 shares of the semiconductor manufacturer’s stock worth $1,215,998,000 after buying an additional 707,705 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last three months. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 0.6 %

Advanced Micro Devices stock opened at $123.04 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30. The business has a fifty day moving average of $128.68 and a two-hundred day moving average of $144.27. The firm has a market cap of $199.67 billion, a P/E ratio of 110.85, a P/E/G ratio of 1.08 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMD. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Mizuho decreased their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley dropped their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, HSBC restated a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.71.

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.