Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% during the 4th quarter, HoldingsChannel reports. The fund owned 25,803 shares of the semiconductor manufacturer’s stock after selling 2,620 shares during the quarter. Bleakley Financial Group LLC’s holdings in Advanced Micro Devices were worth $3,117,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Creative Capital Management Investments LLC boosted its holdings in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the last quarter. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $26,000. Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $32,000. FSA Wealth Management LLC purchased a new position in Advanced Micro Devices in the third quarter worth approximately $41,000. Finally, Coston McIsaac & Partners increased its stake in Advanced Micro Devices by 319.4% during the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after acquiring an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 1.7 %

Shares of NASDAQ:AMD opened at $110.16 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a 50 day simple moving average of $124.53 and a 200-day simple moving average of $140.39. The company has a market capitalization of $178.77 billion, a PE ratio of 99.24, a P/E/G ratio of 1.03 and a beta of 1.65. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday. Stifel Nicolaus dropped their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Evercore ISI upped their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.30.

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.